Resolute and Mindful: The Path to Price Stability
Mary C. Daly’s Keynote at the Orange County Business Council
Monday, November 21, 2022
10:00 a.m. PT
Orange County Business Council
President Daly will share her latest thinking on the economy, monetary policy, the Fed’s efforts to fight inflation, and why being resolute and mindful will be critical to getting the job done. Her presentation will be followed by a moderated Q&A.
Mary C. Daly is president and CEO of the Federal Reserve Bank of San Francisco and helps set American monetary policy as a Federal Open Market Committee participant. Since taking office in 2018, she has committed to making the SF Fed a more community-engaged bank that is transparent and responsive to the people it serves. Read Mary C. Daly’s full bio.
Watch FOMC Rewind
What was the Fed’s November 2022 policy decision? And how does it affect you? FOMC Rewind breaks it down.
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How households expect inflation to evolve plays an important role. Household expectations rose dramatically over the past year or so, much faster than professional forecasters’ inflation expectations. Analysis suggests that one-fourth of the increased gap can be attributed to heightened negative media coverage, highlighting the impact of economic information on the real economy.
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