Mary Daly, Interview: CBS Face the Nation

“So I look at the data and I see that it is obvious that we need to pull some of the accommodation out of the economy. But history tells us with Fed policy that abrupt and aggressive action can actually have a destabilizing effect on the very growth and price stability we’re trying to achieve. So what I would favor is moving in March and then watching, measuring, being very careful about what we see ahead of us and then taking the next interest rate increase when it seems the best place to do that. That could be in the next meeting, or it could be a meeting away. But either way, the most important thing is to be measured in our pace and importantly, data dependent.”