President Daly met with Axios’ editorial team and discussed a wide range of topics including economic resilience, lags in monetary policy, supervision at the Fed, and policy direction disagreements. “We have definitely come a long way. We’ve raised over 500 basis points in a short amount of time. We’re seeing the economy respond to that tightening,” she stressed.
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.