Fed’s Daly: We have not seen 2% inflation, that is concerning


Federal Reserve’s Daly has crossed the wires saying that acting early to prevent rates falling to 0% is more effective than trying to move off zero rates later.

Addition comments 

  • Risk management is on my mind.
  • We have not seen 2% inflation sustainably and that is concerning.
  • More research needed on how to retool balance sheet holding.
  • Yield curve is a hard signal to read right now.
  • Global uncertainty is behind flight to us debt.
  • Inverted curve gives policymakers pause, but it is not only output.
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