Deep recession unnecessary to bring down high inflation, Fed's Daly says

Sep. 29, 2022 5:26 PM ETBy: Max Gottlich, SA News Editor32 Comments

Federal Reserve Bank of San Francisco on Fourth of July 2022

Takako Hatayama-Phillips/iStock Editorial via Getty Images

While the U.S. central bank seeks to bring down stubbornly high inflation by tightening monetary policy and thus moderating demand, a deep recession isn't warranted to curb inflationary pressures, San Francisco Fed President Mary Daly

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