next step for Fed is forward guidance -Breaking
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© Reuters. FILE PHOTO. Mary Daly, President of San Francisco Federal Reserve Bank, poses in front of her first public appearance since the outbreak of coronavirus (COVID-19), at the Commonwealth Club of California San Francisco, California.(Reuters) – Mary Daly, President of San Francisco Federal Reserve Bank said Tuesday that now that the Fed is beginning to reduce its asset purchases the Fed will adjust the communication it gives regarding the path for rate increases.
Following an event at San Francisco’s Commonwealth Club Daly said, “It is this forward guidance piece.” “That’s the next step in my judgment.”
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