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Late in U.S. hours on Tuesday the new San.......>

FED
FED: Late in U.S. hours on Tuesday the new San Francisco Fed President (2018
voter) Mary Daly made her first major public address since assuming the role.
- BBG covered the speech, with Daly noting that "inflation is effectively at the
Fed's 2% target," while she believes that the "labour market is beyond a state
of full employment," and described growth as "robust".
- Daly noted that tailwinds for the economy included fiscal stimulus and
financial conditions.
- Finally, Daly suggested that the recent move in the stock market wasn't
"worrisome," in her view.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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