January 18, 2019 / 8:18 PM / a month ago

Fed's Daly leaning toward pause in rate hikes: Washington Post

FILE PHOTO: Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. REUTERS/Ann Saphir.Ê

SAN FRANCISCO (Reuters) - San Francisco Federal Reserve Bank President Mary Daly is leaning toward pausing interest rates hikes for a while, though she sees “nothing in the data” to suggest an imminent recession, according to the Washington Post, which published a profile on the policymaker on Friday.

The article paraphrased Daly’s interest-rate remark without quoting it directly. A San Francisco Fed spokesman confirmed the remark was accurate.

Reporting by Ann Saphir; Editing by Leslie Adler

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