Fed’s Daly says US economy is not out of the woods, needs more fiscal support

In a CNBC interview, the Fed’eral Reserve’s Daly said the US economy is not out of the woods, needs more fiscal support.

Daly adds that the unemployment rate is an ‘overused’ measure, in a very ‘big ditch’ on the labour market.

Daly says epidemiologists tell her to expect vaccine or therapeutics by middle of 2021, that’s factored into her forecast.

More to come…