Recap of San Fran Fed head Daly on the coronavirus economic impact - "afraid"

Author: Eamonn Sheridan | Category: Central Banks

Federal Reserve San Francisco President Daly spoke overnight, says she has pencilled in a slow and gradual recovery

The WSJ have a little more from her remarks, made on a conference call with media:
on whether an uptick in coronavirus-related illness in parts of the country is on track to damage her expectations of a slow and gradual recovery … "I'm afraid it's very uncertain"
  • "It is far too early to tell" what is happening with the economy
  • "there's just no information yet."
  • "we're not out of the woods in terms of the economic impact … until we get a widespread, strong mitigation strategy for the virus, or we get a vaccine."
Link to the Journal is here (may be gated)   

Federal Reserve San Francisco President Daly spoke overnight, says she has pencilled in a slow and gradual recovery
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