Fed's Daly: US economy is slowing down and that will prevent a recession

Author: Adam Button | Category: Central Banks

Comments from Daly

  • Economy is self-bridling itself to a sustainable pace
  • Financial conditions remain tighter than the start of 2018
  • Not surprised housing market is slowing down
  • Fed must communicate clearly on balance sheet going forward
  • Another shutdown could be much worse for confidence
On the other hand, it could slow itself right into a recession.
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