SF Fedâs Mary Daly: âInflation was always going to be a bumpy rideâ
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 â among them interest rates (âthere is no urgency to cutâ); advances in artificial intelligence (an â momentâ); the housing crisis (ânot simply a Bay Area problem, [this] is across the countryâ); geopolitical tensions (no âdirect impacts on the U.S. economy at this level of escalationâ); and the health of the U.S. banking system (âstrong and soundâ). Above all, Daly highlighted topics ripe for research to help guide monetary policymaking. âWeâd love the research community to help,â 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.

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.