Fed's Daly says case strengthening for half-point interest-rate hike in May

Mary Daly, president of the San Francisco Fed, said in an interview with the Financial Times that the case for a half-point interest-rate hike in May has...

Mary Daly, president of the San Francisco Fed, said in an interview with the Financial Times that the case for a half-point interest-rate hike in May has increased.

Daly’s... Mary Daly, president of the San Francisco Fed, said in an interview with the Financial Times that the case for a half-point interest-rate hike in May has increased. Daly’s comments follow a jobs report showing the U.S. added 431,000 jobs in March and the unemployment rate falling to a near half-century low.

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