Fed's Daly: Economy in a good place to weather storms right now

Eren Sengezer FXStreet

"The US economy has faced headwind after headwind," San Francisco Federal Reserve Bank President Mary Daly noted but said that it was in a good place to weather storms right now.

Key quotes

"The average inflation targeting over a long period makes sense, not talking about much above 2%."

"Right now the natural rate of unemployment lower than we thought coming into expansion."

"Businesses more optimistic than the end of last year that economy in a better place."

These comments were largely ignored by the market participants and the US Dollar Index was last up 0.1% on the day at 98.84.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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