Federal Reserve To Continue QE and Use Powers Forcefully. Aggressively and Proactively

#24038
Helmholtz Watson
Participant

[size=5][b]SF Fed’s Mary Daly at virtual economic forum
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Note: A nonvoting member on the Federal Reserve Board. S

she would be hesitant to call recent positive signs a recovery
she sees no V-shaped recovery
sees US unemployment staying above 10% through at the end of the year under her best case scenario
if we can get virus under control, the recovery can take just 4 or 5 years
virus path to dictate pace at which unemployment declines
sees unemployment staying elevated even as workers returning