June 28 - San Francisco Federal Reserve Bank President Mary Daly on Friday said she believes inflation is gradually cooling, saying the latest data showing inflation did not rise at all from April to May is"good news that policy is working.""We are getting evidence that is tight enough," Daly told CNBC in an interview."It's really challenging to look anywhere and not see monetary policy working.
Still, Daly said, there is more work for policy to do, and she expects inflation to be above the Fed's 2% goal potentially through the end of 2025. The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc.
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