Fed’s Daly Talks Interest Rates, Inflation, Economic Uncertainties
Federal Reserve Bank of San Francisco President Mary Daly discusses her approach to monetary policy, saying she is “very comfortable” with policymakers’ median projection of two interest-rate cuts in 2025. Daly also touches on why disagreement is a good thing for the central bank, her comfort level with the current rate of inflation, and using history as a guide and available tools on potential tariffs from President-elect Donald Trump.
00:00 – Daly’s approach to interest rate decisions, “it’s always about the data for me”
03:15 – Daly is “very comfortable” with two rate cuts in 2025
04:41 – “New phase” of focusing on inflation and labor market
05:56 – FOMC has “healthy level of discussion and disagreement”
06:55 – How the Fed manages economic uncertainties
08:25 – Don’t break the economy
09:56 – Fed’s Daly is not comfortable with the rate of inflation being 2.5%
12:09 – Daly on Fed’s tools to tackle potential US tariffs
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