Fed's Daly Says Right Now Too Early To Know If Oil Shock Is Short-run Shock Or Persistent; It Depends On Duration Of Conflict; If It Ends Soon, We Are Back On The Path Of Interest Rates That We Were; If Conflict Persists, More Inflationary Pressure For A Longer Time; Oil Shock Probably Has More Of An Inflation Effect Than Growth Effect; Most Businesses Think This Will Be Done Quickly, Optimistic About Second Half Of Year; Fed Funds Are Slightly Restrictive Now, Just Above 3% Neutral
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