Feds Daly speaking on the economy/policy
San Francisco Feds Mary Daly saiys:
- expects new coronavirus to impact China's growth for a couple of quarters at least
- watching new coronavirus to see if it had any longer deeper effects than currently expect
- impact on US economy of new coronavirus epidemic has been limited
- average inflation targeting has some appeal from me
- barring a material change in the outlook she is comfortable where policy is
- slow wage growth shows we have more room to run with the economy
