We last heard from Daly on August 18 when she said:

• Calls for “prudent” approach to lowering rates
• Pushed back on concerns of sharp economic slowdown
• Recent data gives “more confidence” inflation is under control
• No need for dramatic response to weakening labor market

I’ll be curious if that ‘prudent’ language or something similar remains as it was notably absent from Powell’s speech.

This article was written by Adam Button at www.forexlive.com.