Federal Reserve Bank of San Francisco President Mary Daly spoke on Sunday, US time.
'Round about the same time as this was going on:
So, yeah, her comments have flown somewhat underneath the radar.
Noting her remarks here ICYMI.
- Sees the Fed's current monetary policy stance as “in a good place”
- said there are risks to its US employment and price stability mandates, both roughly equal
- said public guidance on interest rates sometimes “comes with a price”
- officials should give “guidance about what we know, humility about what we don’t, and a commitment to respond to the world we get, even if it is different from the one we expect”
Let me just amend that final point for those on the trading journey ....
- traders should make decisions "about what we (think) we know, humility about what we don’t, and a commitment to respond to the world we get, even if it is different from the one we expect”
Also for traders, get a skateboard, its much more fun!
As a ps. Daly spoke on Friday. I've seen some reports on here weekend comments referring to what she said Friday, not Sunday. On Friday, as Adam reported then, she was more forthright with her opinions on policy direction:
