Fed's Daly: Fed to build a bridge long enough to get US to economic health

The US Federal Reserve is prepared to do whatever it can to build a bridge long enough to get the US to economic health, San Francisco Federal Reserve President Mary Daly told CNN on Tuesday.

Additional takeaways

"There really isn't this bright line that separates Main Street from Wall Street."

"If we don't repair the financial markets and ensure they have liquidity, they can't pass along the interest rate changes to households and businesses that need them the most."

"Fed's programs do not exacerbate inequality."

"Racism is not good for the economy, or individuals."

"Tackling racism is both the fair thing to do and the best thing to do for economic competitiveness."

Market reaction

These comments were largely ignored by the market participants. With the upbeat market mood making it difficult for the greenback to find demand, the US Dollar Index is down 0.55% on the day at 96.50.