By Ann Saphir
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Friday said the 5.1% policy rate that most Fed policymakers thought as of December would ultimately be needed is a “good indicator” for where policy is going, but the central bank could take rates even higher.
“I’m prepared to do more than that, if more is needed,” Daly told Fox Business Network.
She spoke hours after the U.S. Labor Department earlier on Friday reported employers added more than a half million jobs in January, a “wow” number Daly said but in line with recent data showing the labor market remains strong despite the overall economy slowing.
(Reporting by Ann Saphir; Editing by Chris Reese)
