Daly Hesitant on Impact of Treasury Debt Moves

Federal Reserve Bank of San Francisco President Mary Daly is cautious about judging the impact of the Treasury Department's debt management moves. In a recent interview, she said it's too early to assess how these changes will affect the central bank's work.

Daly emphasized the importance of getting inflation back down to 2 percent, which is currently above target. When asked about the potential effects of Treasury issuance patterns on the Fed's goals, she replied that 'these are early days,' and it's premature to discuss the issues until they've had time to think through them.

Daly highlighted that the key issue is not the 'mechanics' of how the Fed achieves its goal but rather its commitment to achieving those mandates. She wants to wait before making any judgments about the Treasury's debt management moves and their impact on the central bank's work.