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Fed’s Daly says she is open to speeding up taper based on economic data -Breaking

by Mike Robinson

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© Reuters. 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

NEW YORK, (Reuters) – Mary Daly of San Francisco Federal Reserve Bank stated Wednesday that she sees the need to accelerate the taper pace and is open to it if the inflation stays high and job growth remains strong.

In a Yahoo Finance interview published Wednesday, Daly stated that “if things continue to go the way they are doing,” she would support tapering at a faster pace. Daly stated that she wants to review more economic data on inflation and employment and discuss it with Fed colleagues before making a decision.

 

 

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