Economics
Fed’s Daly Welcomes More Fiscal Aid as Stimulus Deal Nears
- ‘This support in unequivocally beneficial,’ Daly says of plan
- San Francisco Fed chief ‘bullish’ on post-Covid labor market
Mary Daly
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Another $900 billion of fiscal support would “absolutely” make a significant difference to the U.S. economy’s ability to endure Covid-19, but “challenging months” lie ahead, a top Federal Reserve official said.
“This support in unequivocally beneficial,” Mary Daly, president of the Federal Reserve Bank of San Francisco, said on CBS’s “Face the Nation” on Sunday, after congressional negotiations cleared the last significant obstacle for pandemic relief, setting up a possible vote later in the day.