Mary C Daly, the President and CEO of the Federal Reserve Bank of San Francisco, says the US is seeing a lift in the economy that's positive and welcome.
She expects a sharp recovery.
She is speaking in a Bloomberg interview.
She added that she expects inflation but argues that it will be transitory.
The US dollar is on the offer, in general, this week, down some 1.56% as markets recalibrate the Fed.
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