Daly Maintains Dual Mandate Goals While Open to Novel Economic Assessment Methods
2026-07-02 21:37

Woofun AI reports that Federal Reserve Governor Daly affirmed the central bank's dual mandate of maximum employment and stable prices remains unchanged, while expressing openness to novel economic assessment methods. Speaking at a Bank of Spain event, Daly noted that policy remains slightly restrictive to curb inflation, which rose due to tariffs and oil price spikes following US military action against Iran. She described the post-ceasefire oil price drop as a "glimmer of relief" but warned that economic evolution remains unclear, suggesting the Fed may need to respond aggressively to persistent inflation.

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