Fed’s Daly: Tools for next recession include Fed funds, forward guidance and balance sheet

Fed funds rate is our most powerful tool

Tools for next recession include Fed funds, fwd guidance and balance sheet

More to come ...

Nov 5, 2019

AUD/USD bounces off three-week-old rising trendline ahead of RBA

While Aussie’s failure to cheer trade-positive headline, mainly due to the USD strength, dragged it during the previous day, the pair seems to recover off-late.

Fed’s Daly: Last three rate cuts were made to be supportive so we don’t find ourselves in a slowdown

Further comments are crossing the wires from the San Francisco Fed Chief Daly, as she now speaks about the inflation and economic outlook. Labor marke