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Fed's Daly: Caution amid uncertainty is tempering growth

BY Reuters | ECONOMIC | 08/06/25 05:10 PM EDT

Aug 6 (Reuters) - U.S. businesses haven't stopped investing due to the recent upswell of uncertainty around government policies including tariffs, Federal Reserve Bank of San Francisco President Mary Daly said on Wednesday, but they aren't going full steam ahead yet, either. "There's cautiousness, but there's not stalling out. ... It is tempering growth, which is really important," Daly said in Anchorage, Alaska. She added that wherever she visits she makes a habit of counting cranes to supplement what she learns from economic data and regular chats with business executives and community members.

(Reporting by Ann Saphir; Editing by Leslie Adler)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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