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San Francisco Fed President Mary Daly Q&A.......>

FED
FED: San Francisco Fed President Mary Daly Q&A after Washington speech: outcome
based guidance seems more effective than date based guidance. "Very useful way"
to guide markets and public on strategy by wedding goals to "things they see
every day, employment and inflation."
-If second wave of Covid-19 or sluggish recovery, expects to see more stimulus
from fiscal and monetary policy.
-Fed will do what's necessary through emergency and recovery. "We took emergency
actions, now we're waiting to see what the virus delivers."

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