May 23, 2019 / 4:37 PM / 4 months ago

Fed's Daly says tariffs could help get inflation to 2%: Fox Business Network

San Francisco Federal Reserve President Mary Daly poses for a photo after a speech at the Commonwealth Club in San Franciso, California, U.S., March 26, 2019. REUTERS/Ann Saphir

(Reuters) - A series of U.S. tariff hikes on Chinese imports could help the Federal Reserve get inflation closer to its 2% target, San Francisco Federal Reserve President Mary Daly said on Thursday.

“It will affect it in the way we hope which is to move it back up to 2% ... but not above,” Daly said in an interview with Fox Business Network.

(The story corrects name of network to Fox Business Network, not Fox Business News.)

Reporting by Jason Lange in Washington; Editing by Chizu Nomiyama and Susan Thomas

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