President of the San Francisco Federal Reserve branch Mary Daly

Headlines via Reuters:

  • says she expects pretty strong economic bounce back in fall, more moderate growth after
  • says US economy a 'long way' from goals
  • declines to say when she expects rates liftoff, says will need 'healthy dose of patience'
  • says economy is on a good trajectory to reopen in the fall, though far from being able to say this is over
  • says she does not see any broad, pervasive signs of frothy financial conditions
  • says not seeing much pressure on wages at all

No departure from what is standard Federal Reserve scripting at the moment.

Earlier:

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