Daly is President of the Federal Reserve Bank of San Francisco.

Volatility in US markets was down Thursday. Seems premature to spring to too much of a conclusion, but take what you can I guess.

More:

  • says it's encouraging to see that there's more borrowing at the discount window, and that some market volatility has settled down
  • says 'Our tools are starting to work' in markets; continues to monitor that and see if more needs to be done
  • she is doing outreach to banks, lawmakers, local leaders and others to help figure out how to give relief to small businesses, households
  • it's absolutely appropriate for Fed to work with fiscal agents to think about how to give relief to households, businesses
  • if we do the right thing in terms of public health, and offset short-term economic disruptions, that will mitigate longer-term disruptions