News Coverage
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A Fed Insider on the Looming Rate Cut – The Journal Podcast
In the wide-ranging conversation, President Daly discussed the Fed’s battle against inflation, her stance on monetary policy, what it’s like to serve on the Federal Open Market Committee, and her journey to the San Francisco Fed. Listen to the episode here.
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Fed’s Daly says rate cuts needed to keep labor market healthy – Reuters
Labor market health has to be “sustained and protected, and we have to be very mindful that if policy is overly tight, you might get additional slowing in the labor market, and to my mind, that would be unwelcome,” she said. Read the article here.
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Fed’s Daly Says It is Time to Adjust Rate Policy on Bloomberg TV
While it is too early to know the exact path of policy, President Daly underscored that “the time to adjust policy is upon us.” Watch the interview. Photo Credit: David Paul Morris/Bloomberg
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Fed’s Daly backs gradual interest rate cuts as inflation ‘confidence’ mounts – Financial Times
“Gradualism is not weak, it’s not slow, it’s not behind, it’s just prudent,” she stressed. Read the article.
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SF Fed Reserve Chief Mary Daly at Fortune Brainstorm Tech Conference: A.I. replaces tasks, not people
“We don’t know the full impact yet, but no technology in the history of all technologies has ever reduced employment on net.”
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Media Q&A Transcript with Federal Reserve Bank of San Francisco President Mary C. Daly
Media Q&A Transcript with Federal Reserve Bank of San Francisco President Mary C. Daly
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President Daly in WSJ, “Case for September Rate Cut Builds After Slower Jobs Data”
“I don’t want to pull up too short or too early and then have inflation stay high. That’s a terrible, terrible situation. I refuse to do that,” SF Fed President Mary Daly said in a recent interview. Read the article.
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Federal Reserve, assessing inflation-unemployment link, faces an inflection point said Pres. Daly on Marketplace
“For the longest time, inflation has been the focus of our hiking campaign. Now, as we monitor the economy, we have to look at both sides of our mandate,” Daly said. Read the article.
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SF Federal Reserve Bank President Mary Daly Said AI Can Boost the Labor Market in Time Exclusive
“Jobs are being created, as well as jobs being replaced. If we can get people to upskill or reskill to take the jobs that are being created, we’ll have a very successful and growing economy. But that’s the burden on us…,” she said. Read the article.
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CNBC’s Squawk Box: SF Fed President Mary Daly, PCE data shows us that monetary policy is working
“Monetary policy is working. We’re getting the job done. And that’s what Americans want from us,” she emphasized. Read the article.