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Fed’s Daly says low inflation presents opportunity

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Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot of potential benefit for workers, San Francisco Federal Reserve Bank President Mary Daly said on Saturday.

FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the banks headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir.

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BERKELEY, Calif.: Sluggish U.S. inflation means the Federal Reserve can keep borrowing costs where they are without much cost and with a lot of potential benefit for workers, San Francisco Federal Reserve Bank President Mary Daly said on Saturday.

"Were lucky right now," Daly said at University of California, Berkeley's Clausen Center's conference oRead More – Source

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