San Francisco Fed President Mary Daly crossed the wires on Saturday, via Reuters, and said that low inflation gives the FOMC space to keep interest rates low, which should result in higher employment. Her dovish comments come ahead of this Wednesday FOMC minutes. Additional Quotes: “We can keep the policy rate accommodative and we can both find full employment experientially, by waiting for it to show up in wage and price inflation, and we can treat the problem of muted inflation pressures and get ourselves back up to target.” “Low rates appear to be delivering some benefits – eg. improving hiring prospects.” “I remain surprised that wage growth hasn’t picked up more.” “If we haven’t seen it (low unemployment) push up wage growth more than it has, I don’t think we’ve achieved full employment.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/JPY retraces from 8-day high amid risk reset FX Street 3 years San Francisco Fed President Mary Daly crossed the wires on Saturday, via Reuters, and said that low inflation gives the FOMC space to keep interest rates low, which should result in higher employment. Her dovish comments come ahead of this Wednesday FOMC minutes. Additional Quotes: "We can keep the policy rate accommodative and we can both find full employment experientially, by waiting for it to show up in wage and price inflation, and we can treat the problem of muted inflation pressures and get ourselves back up to target." "Low rates appear to be delivering some benefits - eg.… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
