Free Trial

SF Fed's Daly interviewed by the Wall Street....>

FED
FED: SF Fed's Daly interviewed by the Wall Street Journal on Monday, published
today. Key quotes reinforcing that she is in the dovish-leaning camp, but also
indicating that the current situation does not warrant significantly more
monetary support because there is limited evidence that the U.S. economy is
contracting rapidly. (Reminder that she does not vote in 2019-20.):
- "When we took the [25bps] cut last week, trade uncertainties looked like they
were settling. Now they've re-emerged, but we've been in this position before."
- "It was appropriate to simply reduce the policy rate, in my judgment, in order
to be at about the same place we were in March."
- Also: she also is paying attention to moves by other central banks to cut
policy rates to spur growth. "That's something I'll be watching, because that
would be an indication that we need to recalibrate the policy rate," she said.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.