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\n Share:<\/span><\/p>\n Federal Reserve (Fed) Bank of San Francisco President Mary Daly spoke on Friday with CNBC that she is not ready to say yet whether the Fed<\/a> is done raising its interest rate target to bring inflation back to 2%.<\/p>\n \u201cThe monetary policy is in a very good place.\u201d<\/p>\n \u201cRisk of over tighten and under tightening are balanced.\u201d<\/p>\n \u00a0\u201cYou can be significantly restrictive, which I think we are, and you can still not be sure if you\u2019re sufficiently restrictive\u201d<\/p>\n \u201cThere\u2019s a lot of demand for certainty that we would say we\u2019re done or we\u2019re definitely hiking, but the truth is, we don\u2019t know,\u201d<\/p>\n \u201cIt is far too early to declare a victory.\u201d<\/p>\n \u201cNot ready to say what that next move will be.\u201d<\/p>\n \u201cNeed to watch data to drive next rate decision.\u201d<\/p>\n \u201cShould not be surprised about the volatility in the bond market amid uncertain outlook.\u201d<\/p>\n \u201cFinancial conditions are tighter than they were, they are remaining tight which is helping to bring balance back to the economy.\u201d<\/p>\n<\/blockquote>\nKey quotes<\/strong><\/h2>\n
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Market reaction<\/strong><\/h2>\n