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MNI BRIEF: Daly Says Fed Is Close To Reaching Mandate Goals

(MNI)

San Francisco Federal Reserve President Mary Daly said Thursday the central bank is close to reaching its dual mandate goals in the short run.

The pace of QE tapering announced in December "feels very appropriate" she said during an online talk, adding that the idea of further runoff may need to be considered. The job market "looks like it's very strong" but labor supply is constrained by women with children staying out of the market and more people moving into retirement, she said.

MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com
MNI Ottawa Bureau | +1 613-314-9647 | greg.quinn@marketnews.com

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