Federal Reserve Bank of San Francisco President Mary Daly is worried that unresolved financial system weaknesses are drawing the U.S. central bank in with emergency support offerings too often.
“The frequency and scale of our interventions is concerning,” Ms. Daly said during a virtual appearance Thursday. “Without changes to our financial infrastructure, the Federal Reserve may regularly be called to step in to stabilize markets during turbulent periods,” she said, adding, “and not just for 100-year floods like Covid-19,…
