Published Date
Mar 03, 2021
REUTERS:
Fed's Daly: Policy in a 'good place,' bond investors see 'brighter future'
U.S. monetary policy is in a “very good place,” San Francisco Federal Reserve President Mary Daly said on Tuesday, noting that a recent rise in bond yields is a sign that investors see a “brighter future.”
Should the yield curve steepen so that monetary policy becomes less accommodative than the Fed thinks is appropriate, the U.S. central bank could change the maturity of its bond purchases to push down on the long-end, Daly told reporters in a call after a talk at the Economic Club of New York. But, she added, “Right now I’m very satisfied where policy is.”
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Published Date
Mar 03, 2021
YAHOO FINANCE:
Fed officials emphasize policy 'patience' as outlook improves
"Our most important virtue will be patience," she told the Economic Club of New York. "We will need to continually and patiently reassess what the labor market is capable of and avoid preemptively tightening monetary policy before millions of Americans have an opportunity to benefit."
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Published Date
Mar 03, 2021
REUTERS:
Fed officials emphasize policy 'patience' as outlook improves
At a separate event, San Francisco Fed President Mary Daly struck a similar tone.
“Our most important virtue will be patience,” she told the Economic Club of New York. “We will need to continually and patiently reassess what the labor market is capable of and avoid preemptively tightening monetary policy before millions of Americans have an opportunity to benefit.”
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