Fed’s Daly: December rate cut is absolutely not off the table

• Labor market is completely in balance, not a source of inflation
• We need an open mind
• Timing of rate cut is up for debate, but need to keep moving policy rate down
• Even if we do another rate cut, policy will remain restrictive
• US economy is in a really good place
• Employers are filling positions for core work, but not taking a lot of risk
• Trade issues don’t usually derail growth, economy adjusts
• Neutral rate is closer to 3%, can take our time in getting to neutral

There is no hint here on December but Kugler is coming up at 12:35 pm ET.

This article was written by Adam Button at www.forexlive.com.