Fed's Daly: Not the right time to start talking about policy normalization
|San Francisco Federal Reserve Bank President Mary Daly said on Tuesday that she expects a transitory rise in prices, as reported by Reuters.
Additional takeaways
"A little inflation would be good for us."
"The right time to reduce support for the economy is when we are much closer to goals."
"We've only had a couple of good months of data."
"We are a long way from goals, not the right time to start talking about policy normalization."
"We are a long way from doing it but I expect to taper the bond-buying program before raising rates."
Market reaction
US Dollar Index showed no immediate reaction to these comments and was last seen gaining 0.32% on a daily basis at 91.25.
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.