Fed's Daly: Headwinds, slowing growth could strengthen argument for rate cut
|Additional comments from San Francisco Federal Reserve Bank President Mary Daly continue to cross the wires.
"If a rate cut is necessary it could help bring the economy back to potential growth, support return of inflation to target," Daly said and reiterated that she is uncomfortable with the direction of inflation. Below are some other key quotes.
"Headwinds, slowing growth could strengthen argument for rate cut."
"Want to see another U.S. jobs report to see if last report was noise or a more meaningful sign."
"Completely supportive of decision Fed took at last meeting."
Meanwhile, the US Dollar Index was last seen at 96.18, where it was virtually unchanged on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.