San Francisco President Mary Daly (voter........>

FED: San Francisco President Mary Daly (voter 2021) says on press call Monday

yield curve control is "not in my first-use toolkit." 

-Forward guidance and balance sheet expansion "work well" and have a historical

track record. Curve control can be "a little helper" along with guidance.

-The success of Main Street and other Fed market programs depend more on "can

targeted groups get funding" than how much money is drawn from them. Fed

announcements alone have already helped stabilize markets, Daly said.

-The job market can rebound and grow without rapid inflation, even if some

workers are displaced: "I don't see any information or evidence that we're at

risk of having high inflation or that we're at risk of having permanent

dislocations."

-There are positive signs that market pressures have eased.