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U.S. Fed's Daly says patient on rates, eyeing trade talks

U.S. Fed's Daly says patient on rates, eyeing trade talks
FILE PHOTO: San Francisco Federal Reserve Bank chief of research Mary Daly stands near the podium before a speech at the CFA Society in San Francisco, California, U.S. July 10 2018. REUTERS/Ann Saphir -
Ann Saphir(Reuters)
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SINGAPORE (Reuters) – San Francisco Federal Reserve Bank President Mary Daly said on Monday she was taking a patient approach on interest rates until economic data and trade talks provided more clarity on the U.S. growth outlook.

“Right now what we have are trade discussions and those trade discussions are creating more uncertainty in the economy,” Daly said at a symposium on Asian banking and finance in Singapore.

“But my stance is to be patient and wait to see what the details on the trade discussions are.”

(Reporting by Fathin Ungku; writing by Aradhana Aravindan; editing by Joe Brock & Shri Navaratnam)

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