The policy of the Federal Reserve is in a really good place, the President of the San Francisco Federal Reserve, Mary Daly.
Additional conclusions
“The vaccine is good news, but increasing cases is a priority.”
“We need to continue to support the American people as we move through this virus.”
“Fed policy can adapt to changes in the economy.”
“Expecting a slower growth rate in the future.”
“Fiscal support is essential, more fiscal aid is needed.”
“The economy would have slower growth in the absence of fiscal aid.”
“The Fed is discussing what else should be done, what else might be needed.”
Market reaction
These comments do not appear to have an impact on market sentiment. At the time of writing, the S&P 500 index it was down 0.45% on the day to 3,535.
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Credits: Forex Street
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