Fed's Daly: Inflation is subdued in part because of global factors
Inflation in the US is subdued in part because of global factors and it should reach a sustainable 2% in 2021, San Francisco Fed President Mary Daly argued on Wednesday.
Daly further noted that she expects the Gross Domestic Product (GDP) to expand by 2% and unemployment to stay steady in 2020.
These comments don't seem to be having a noticeable impact on the greenback's performance. As of writing, the US Dollar Index was down 0.2% on the day at 97.20.