tweet at 4:26pm: FED'S DALY: WHEN MARKETS PRICE IN AN INCREASE OF 75 BASIS POINTS, LET'S GET THAT INCREASE IN. tweet at 4:25pm: FED'S DALY: UNIVERSITY MICHIGAN SURVEY INITIAL READING ON LONGER-TERM INFLATION EXPECTATIONS PIQUED MY INTEREST, BUT TODAY IT CAME BACK DOWN.

tweet at 4:01pm: FED'S DALY: WE WANT TO REDUCE INFLATION WITHOUT CRIPPLING GROWTH OR STALLING THE LABOUR MARKET. tweet at 4:01pm: FED'S DALY: WE HAVE THE TOOLS AND THE WILL TO REDUCE INFLATION. tweet at 4:02pm: FED'S DALY: THE AMOUNT OF ADDITIONAL TIGHTENING DEPENDS ON FACTORS BEYOND THE FED'S CONTROL. tweet at 4:02pm: FED'S DALY: REGARDLESS, THE ECONOMY IS LIKELY TO SLOW, BUT NOT TO ENTER A RECESSION.