Mary Daly is head of the San Francisco Federal Reserve branch, earlier comments here:
- Fed's Daly: It's 'critical' to shore up stability of hedge funds and money market funds
- More from Daly: 'Hard work' will start in economy after H2
Even more following now:
- is hopeful, bullish, optimistic on economy, but want to see it in the data before making policy
- says we are going to need repeated months of good data; we are not there yet
- will watch a range of underlying inflation measures to look for signs of gradual pickup
- says don't see worrisome signs on wage gains; a little wage growth would be a good thing
- says need to be 'diligent' about bringing workers back to labor market
Summary Headlines via Reuters.
Daly not hinting at all on tapering nor any other winding back of accommodative policy - pretty much the official script for now from the Fed.
