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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