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MNI BRIEF: Fed's Daly Says No 'Urgency' To Lower Rates

USCentral Bank NewsPolicy NewsFederal ReserveEM Policy NewsEM BriefBriefStoryNorth America

MNI (WASHINGTON) - San Francisco Fed President Mary Daly said Wednesday she is going to wait until she gets to the December meeting before making a decision about further rate cuts, but stressed there is no urgency to continue to ease policy. 

"I think we do not need to be urgent. There's no sense of urgency, but we do need to continue to carefully calibrate our policy and make sure it's in line with the economy we have today and the one we expect to have going forward," she said in an interview with PBS NewsHour. "I'm going to wait until I get to the December meeting and do all the analysis. I talk to a lot of my contacts on the way up to the meeting, not only looking at the published data, but also getting the real time data on the ground from people who are doing business, working in the economy, leading their communities. And I'm going to bring that information with all of my other colleagues."

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MNI (WASHINGTON) - San Francisco Fed President Mary Daly said Wednesday she is going to wait until she gets to the December meeting before making a decision about further rate cuts, but stressed there is no urgency to continue to ease policy. 

"I think we do not need to be urgent. There's no sense of urgency, but we do need to continue to carefully calibrate our policy and make sure it's in line with the economy we have today and the one we expect to have going forward," she said in an interview with PBS NewsHour. "I'm going to wait until I get to the December meeting and do all the analysis. I talk to a lot of my contacts on the way up to the meeting, not only looking at the published data, but also getting the real time data on the ground from people who are doing business, working in the economy, leading their communities. And I'm going to bring that information with all of my other colleagues."

Keep reading...Show less