Fed’s Daly Says Rate Cuts Put U.S. Economy In Better Position

www.oann.com | 7/16/2019 | Staff
oxboyoxboy (Posted by) Level 4
(Reuters) – San Francisco Federal Reserve President Mary Daly said Monday that the central bank’s three rate cuts leave the U.S. economy better positioned to withstand the risks of global slowdown, joining the chorus of policymakers saying it is time to let the Fed’s insurance cuts take effect.

“The last three interest rate cuts that we made are to be supportive so we don’t find ourselves in a slowdown that translates into something else,” Daly said Monday at an event at New York University. “It’s about getting the economy in a good place… so that we...
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