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San Fransico Fed President Mary Daly is back on the wires now, this time speaking in a Bloomberg interview.

Key Quotes:

We see domestic economy that is really solid.  

Looking carefully at business investment.

Fed has tools necessary to do its job.

Need to be thoughtful about reaching inflation and jobs goals.

I do not consider political issues as a policy maker.

  • Fed’s  Daly: In a “watch and see” position on monetary policy right now
  • Fed’s  Daly: Biased toward running economy hot, given low inflation and uncertainty over full employment