SF Fedās Mary Daly: āInflation was always going to be a bumpy rideā
Just days after new inflation data dashed hopes that interest rates would soon fall, returned on April 15 to familiar ground at the »ĘÉ«µēÓ° Institute for Economic Policy Research (SIEPR). The president and CEO of the Federal Reserve Bank of San Francisco met with students, faculty, and other members of the SIEPR community to discuss pressing economic policy issues ā among them interest rates (āthere is no urgency to cutā); advances in artificial intelligence (an ā momentā); the housing crisis (ānot simply a Bay Area problem, [this] is across the countryā); geopolitical tensions (no ādirect impacts on the U.S. economy at this level of escalationā); and the health of the U.S. banking system (āstrong and soundā). Above all, Daly highlighted topics ripe for research to help guide monetary policymaking. āWeād love the research community to help,ā she said.
SIEPR student affiliates gain valuable perspectives of a central banker during their meeting with Mary Daly, president and CEO of the Federal Reserve Bank of San Francisco.