“The US economy has faced headwind after headwind,” San Francisco Federal Reserve Bank President Mary Daly noted but said that it was in a good place to weather storms right now.
Key quotes
“The average inflation targeting over a long period makes sense, not talking about much above 2%.”
“Right now the natural rate of unemployment lower than we thought coming into expansion.”
“Businesses more optimistic than the end of last year that economy in a better place.”
These comments were largely ignored by the market participants and the US Dollar Index was last up 0.1% on the day at 98.84.
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