Fed must be cautious, deliberate with charges, given financial uncertainties, Daly says

(Reuters) – San Francisco Federal Reserve Financial institution President Mary Daly on Friday referred to as out the elevated uncertainties across the financial outlook, and stated the U.S. central financial institution must be cautious and deliberate with financial coverage.

“Financial analysis will inform you that uncertainty is a supply of demand restraint,” Daly stated in a publish on LinkedIn. “We’re additionally getting some blended indicators from markets. From a financial coverage perspective, all of that could be a motive to watch out and deliberate.”

The Fed has short-term borrowing prices in a “good place,” she stated, “and there are many indicators that the financial system is strong.”

(Reporting by Ann Saphir; Enhancing by Sandra Maler)