Federal Reserve's Daly: Models show productivity gains will drive up the neutral interest rate; the labor market is showing less liquidity and dynamism; it is unlikely to affect the neutral interest rate in the near term; growth is solid, but busines

2026-02-18

Federal Reserve's Daly: Models show productivity gains will drive up the neutral interest rate; the labor market is showing less liquidity and dynamism; it is unlikely to affect the neutral interest rate in the near term; growth is solid, but businesses mentioned demand uncertainty.