President Daly was featured on Fox Business’ “Maria Bartiromo’s Wall Street.” In the interview, she reiterated her view that monetary policy is in a good place and that she’s comfortable with two interest rate cuts this year should the economy stay fundamentally strong and inflation continue to move down.
“We can actually move one way or another as the data unfolds, but you want to keep the policy rate modestly restrictive for now until we are sure that inflation is going to get to that 2%,” she stressed. Watch 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.