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SF Fedā€™s Mary Daly: ā€˜Inflation was always going to be a bumpy rideā€™

During a Q&A at SIEPR, the longtime central banker talked about a wide range of economic policy issues.

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 (ā€œthere is no urgency to cutā€); advances in artificial intelligence (an ā€œ momentā€); the housing crisis (ā€œnot simply a Bay Area problem, [this] is across the countryā€); geopolitical tensions (no ā€œdirect impacts on the U.S. economy at this level of escalationā€); and the health of the U.S. banking system (ā€œstrong and soundā€). Above all, Daly highlighted topics ripe for research to help guide monetary policymaking. ā€œWeā€™d love the research community to help,ā€ she said.

SIEPR Trione Director Mark Duggan and San Francisco Fed President and CEO Mary Daly take the stage together at SIEPR on April 15.

Mary Daly and Shelby Buckman, a »ĘÉ«µēÓ° economics PhD student who was a former research associate at the SF Fed, pose for a selfie.

 

A room with a monetary view: Mary Daly meets with SIEPR scholars at »ĘÉ«µēÓ°.

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.

All photos by Ryan Zhang

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