San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates to where they are no longer stimulating economic growth without starting a recession.
“We really have a strong economy,” Daly said in an interview on Fox News. “I think that we can weather this storm, get the interest rate up … price stability restored and still leave Americans with jobs [a plentiful] and with growth expanding as we expect it to.”
