President Daly joined Steven Davis, Thomas W. and Susan B. Ford Senior Fellow and Director of Research at the Hoover Institution and Senior Fellow at the Stanford Institute for Economic Policy Research (SIEPR) on Hoover Institution’s Economics, Applied video podcast series to discuss central bank communications. “The world’s very uncertain right now, so if we overcommunicate precision [in policy], we’re likely to find ourselves at odds with the data,” she underscored. Listen to 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.