Daly Says Fed Ready to Respond ‘Either Way’ With Interest Rates

Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a good place right now, but there’s too much uncertainty in the economy to offer a view on where rates are headed.

“We are prepared to respond either way, whatever the economy brings,” Daly said Thursday at the Bloomberg Tech conference in San Francisco. “I think giving more forward guidance about what’s possible could be misguiding in the end, because we just have to wait for the economy to evolve.”

Federal Reserve officials are expected to hold interest rates steady at their next meeting on June ...