India, April 18 -- The Federal Reserve can make more reductions as projected earlier but policymakers should wait for more clarity regarding trade and other policies, Federal Reserve Bank of San Francisco President Mary Daly said on Friday.
U.S. inflation is moving closer to the 2 percent goal, but "we aren't there yet", Daly said in a post on the professional networking platform LinkedIn. The risks to inflation are elevated compared to a year ago, she pointed out.
The Fed is in a good place with policy and there is time to make a good decision, Daly said. Monetary policy is still restrictive and there is room to make gradual reductions in the fed funds rate as projected earlier, she added.
"But we don't have to be urgent. The labor mark...