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MNI BRIEF: Fed Policy Is In “Good Position” Right Now- Daly

(MNI) OTTAWA
(MNI)

San Francisco Fed President Mary Daly said Tuesday that monetary policy is doing the right job to guide the economy and markets through the Covid-19 pandemic, and recent data has been "positive."

"The policies that we have in place have done what we intended them to do" to settle financial markets, she told reporters after a speech. "I see us as well positioned to weather this storm we are in."

The comments come as some analysts and ex-officials have said more stimulus may be needed amid pressures such as a second wave of the virus or a prolonged economic comeback.

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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