Home Fed’s Daly: Tools for next recession include Fed funds, forward guidance and balance sheet

Fed’s Daly: Tools for next recession include Fed funds, forward guidance and balance sheet

Published date: 4 Nov. 2019 | 23:17

San Fransico Fed President Mary Daly is on the wires now, via Reuters, shedding light on the tools available with the US central bank for countering a recession.

Key Quotes:

Fed funds rate is our most powerful tool.

Tools for next recession include Fed funds, forward guidance and balance sheet.

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