Head of the Federal Reserve Bank of San Francisco believes the Fed will not raise rates this year

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The Chairman of the Federal Reserve Bank of San Francisco, Mary Daily, in an interview with The Wall Street Journal, expressed the view that the Federal Reserve System would not raise the base interest rate this year, since there were no signs of increasing inflation. According to her, it is inexpedient to do this with an economic growth of 2% and inflation at the level of 1.9%. Daily noted that the current rate of 2.25-2.5% per annum is neutral for economic growth. The Fed will continue to monitor statistical data and on their basis will make further decisions on changes in monetary policy.

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