Fed’s Daly says it makes sense to wait on interest-rate policy given all the uncertainty

The Federal Reserve should wait and see how the economy develops given the high uncertainty surrounding the outlook for the U.S. economy, San Francisco Fed President Mary Daly said Friday.

“When we know where we’re going and it’s important to get there, moving aggressively makes sense,” Daily said in a speech to a banking conference in Frankfurt. But she noted that sometimes a “different type of boldness is required: the boldness to wait.”

Daly…