Fed’s Daly: A slightly accommodative stance is required to continue to sustain the US expansion
San Francisco Fed President Daly is back on the wires now, via Reuters, with the key headlines found below.
US economy in a 'good place,' would take material change in the outlook for further accommodation to be needed.
A slightly accommodative stance is required to continue to sustain the US expansion.
Expects US economy to reach 2% inflation, helped by wage growth and low rates.
Fed is trying to figure out what level of reserves are needed for an 'ample reserves' regime.
There is not stress in the financial system and that treasury purchases are not QE.
The US dollar index has stalled its recent upmove and entered a phase of bullish consolidation amid latest trade positive headlines that boosted the risk sentiment.
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
