More from Fed's Daly - it remains to be seen if more Fed action will be needed

Earlier comments from Mary Daly, head of the San Francisco Federal Reserve branch are here:

• Fed's Daly reaffirms very loose FOMC monetary policy

Speaking with media now:

• US economy, Fed policy in a good position
• well positioned to weather the COVID-19 storm
• it remains to be seen if more Fed action will be needed
• will watch the data