San Fran Fed’s Daly plays down recession fears
But there are still problems in labour market, president says in online Q&A
The Federal Open Market Committee (FOMC) was right to cut rates at its latest meeting, but that does not mean a recession is on the way, Mary Daly said in a recent online Q&A.
The San Francisco Fed president said, “I don’t think we’re headed towards a recession right now”, pointing to “solid domestic momentum”, the “strong” labour market and sustained consumer confidence.
The FOMC cut the policy rate and announced it would be ending “quantitative tightening” sooner than anticipated at its
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com