Fed still has tools to help economy, Daly says
Tweet
Share
E-mail
FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir
SAN FRANCISCO (Reuters) - The Federal Reserve, which has lowered rates to zero, bought trillions of dollars of U.S. government debt and rolled out a range of lending programs to battle the effects of the coronavirus pandemic, still has tools to boost the economy, San Francisco Federal Reserve Bank President Mary Daly said Thursday.
In an interview with Bloomberg TV, Daly also said that people she speaks with do not expect a "V"-shaped recovery.
(Reporting by Ann Saphir; Editing by Chizu Nomiyama)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Fed seen likely to raise rates next week after inflation report
- iShares 20+ Year Treasury Bond ETF (TLT) call put ratio 1 call to 1.7 puts on 754K contracts
- US 30-year Yield Rises To 5.34%, Highest Since June 2007 - Bloomberg
Create E-mail Alert Related Categories
Fed, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
