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Fed’s Daly Says No Sense of Urgency to Lower Interest Rates

(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said there’s no sense of urgency to lower interest rates, emphasizing officials can “carefully calibrate” policy. Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic Jams“We do not need to be urgent,” Daly said Wednesday in an interview on PBS News Hour. “There’s no sense of urgency, but we do need to continue to carefully calibrate

Why Some of the Market's Favorite Altcoins Were Soaring Today

Since the U.S. presidential election, it's been something of a given among crypto-heads that the incoming administration will be relatively more favorable to their beloved industry. While Trump's Republican party has a thin majority in the Senate, the body that confirms the SEC chair nominee, it is nevertheless a majority. Plus, Atkins has significant experience in both the business and regulatory realms and isn't a particularly controversial pick -- in contrast to several of Trump's cabinet hopefuls.