President Daly sat down with Reuters’ Ann Saphir and discussed the state of the economy. “As long as inflation is printing above target and there’s some uncertainty about how quickly it can come back down to 2%, well, then inflation is going to be my focus because the labor market’s in solid shape. We need to have policy in this modestly or moderately restrictive space, depending on how you think about it, to continue to bring ourselves to price stability,” she said. Read the interview here.
The Federal Reserve Bank of San Francisco (SF Fed) works to advance the nation’s monetary, financial, and payment systems to build a stronger economy for all Americans. As part of the U.S. central bank, the SF Fed serves the Twelfth Federal Reserve District, which covers the nine western states—Alaska, Arizona, California, Hawai’i, Idaho, Nevada, Oregon, Utah, and Washington—plus American Samoa, Guam, and the Commonwealth of the Northern Mariana Islands. By pursuing our two key goals of maximum employment and price stability—known as the Fed’s dual mandate—we work toward supporting an economy that works for everyone.