News Coverage

President Daly discussed her current economic outlook with Reuters’ Ann Saphir. “It is, in my judgment, prudent policy to slow the place of policy as you near the destination,” she emphasized. 

San Francisco Fed President Mary C. Daly participated in a virtual discussion on monetary policy and inflation, followed by an audience Q&A at the International Economic Symposium, hosted by the National Association for Business Economics and Banque de France. The chat generated notable media coverage including Bloomberg, Financial Times, and Reuters.

Group media Q&A transcript following President Daly’s closing keynote, “Forward-Looking Policy in a Real-Time World,” at the Princeton Economic Policy Symposium on March 4, 2023.

“Right now, the most important thing to convey to listeners is that the direction for policy is for additional tightening and holding that restrictive stance for some time. But the ‘how we get there,’ the tactics, the meeting-by-meeting decisions really have to be data-dependent,” she stressed. 

“The job of the Fed is to – as carefully and consciously as we can – navigate through this is so that there’s the least pain in the economy as possible while we restore price stability,” President Daly discussed with Host Darian Woods.

President Daly joined Nick Timiraos, The Wall Street Journal’s chief economics correspondent, to discuss her outlook for the economy, inflation and interest rates in 2023. 

President Daly said that as she travels around her district — which spans nine western states and is the Fed system’s largest district both by geography and by the size of its economy — she hears that “people’s own situations feel different than the situations they fear are out there, or that they even see out […]