Fed’s Daly: Tools for next recession include Fed funds, forward guidance and balance sheet
|San Fransico Fed President Mary Daly is on the wires now, via Reuters, shedding light on the tools available with the US central bank for countering a recession.
Key Quotes:
Fed funds rate is our most powerful tool.
Tools for next recession include Fed funds, forward guidance and balance sheet.
Doesn't see negative rates being on the table in US now.
On the above comments, the US dollar is seen keeping its range intact near three-day tops of 97.57 against its main rivals. The greenback benefited from the risk-on rally in the Wall Street stocks and Treasury yields across the curve amid trade optimism.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.