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Institute for Economic Policy Research (SIEPR)

SF Fed’s Mary Daly: ‘Inflation was always going to be a bumpy ride’

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 șĂÉ«App 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 — among them interest rates (“there is no urgency to cut”); advances in artificial intelligence (an “ moment”); the housing crisis (“not simply a Bay Area problem, [this] is across the country”); geopolitical tensions (no “direct impacts on the U.S. economy at this level of escalation”); and the health of the U.S. banking system (“strong and sound”). Above all, Daly highlighted topics ripe for research to help guide monetary policymaking. “We’d love the research community to help,” 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 șĂÉ«App 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 șĂÉ«App.

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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