San Francisco Fed President Mary Daly said she is focused on U.S. and China trade tensions as a factor, regarding the next move in monetary policy. He said that trade tension is “amplified” and she’s focusing her attention” on these headwinds. She described that “sometimes the blowing slows down and sometimes it picks up, and now we’re in a picked-up position”.
Though, she also noted that aggressive rate cuts are not warranted for now, without evidence of a stronger economic downturn. ANd she didn’t see the economy heading into a recession.
