More from Fed’s Daly – monitoring labour market indicators carefully

Federal Reserve Bank of San Francisco President Mary Daly

• none of the labour market indicators she looks at are flashing red at present, but she is monitoring carefully

• Fed is prepared to act as we get more information
• It’s clear inflation
  is coming down, labor market is slowing
• I am more confident
  we are on a sustainable path to 2%
• Communication itself
  is a policy adjustment

Earlier:

• Fed’s Daly says minds are open to cutting rates in coming meetings

This article was written by Eamonn Sheridan at www.forexlive.com. Source