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Fed’s Daly says it’s good news that economy is slowing to 2% pace

“The U.S. economy is naturally slowing to a more sustainable pace and this is welcome as it will help prevent a recession, San Francisco Fed President Mary Daly said on Friday” writes Senior Economics Reporter for marketwatch.com. The consensus forecast for 2019 is for growth at a 2% annual rate, about the consensus for the economy’s speed limit, she said.In 2018, the economy grew close to a 3% annual rate, “and that, by anyone’s estimate, is a full percentage point above what we can potentially grow at,” Daly said, during a conversation hosted by the Bay Area Council in San Francisco.
 
Source: marketwatch.com



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