Daly Downplays Credibility Risk Amid Treasury Market Concerns

Federal Reserve Bank of San Francisco President Mary Daly said on Bloomberg Television that she sees no risk to the central bank's credibility in setting monetary policy.

Daly made her comments during an interview, addressing concerns about the US Treasury market's reaction to the Fed's stance. She stated 'I don't see our credibility at risk' and expressed skepticism towards preemptive interest rate cuts or hikes, saying 'I don't see a lot of evidence that that's an urgent problem to solve.'