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/File Photo
Daly said businesses she had spoken to were more confident that the economy was in a good place than they were at the end of last year. “The U.S. economy faces headwind after headwind after headwind, as all economies do, and we have taken our policy accommodation last year to put our economy in a good position, in my opinion, to weather these storms,” Daly told a banking conference in Dublin.
Daly added that the natural rate of unemployment was clearly lower than policymakers had thought, and probably around the current rate of 3.6%, though she said she had been repeatedly wrong before.
Will there be any consequences if she's wrong?
For the rich perhaps, but the poor will still struggle. I could never understand how the 'richest' nation can have so many poor and homeless.
12:10 AM · 13 февр. 2020 г.
Reminds me of Bill Dudley.
Expecting, storms? Okay
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