USD FOMC Member Daly Speaks
Federal Reserve FOMC members vote on where to set the nation's key interest rates and their public engagements are often used to drop subtle clues regarding future monetary policy;
FOMC voting member 2018, 2021, and 2024;
- History
Expected Impact / Date | Description |
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Jun 24, 2024 | Due to speak about the economy and monetary policy at an event in partnership with the Commonwealth Club World Affairs of California and the San Francisco Press Club. Audience questions expected; |
May 28, 2024 | Due to participate in a panel discussion titled "AI and the Economy" at an event hosted by the Federal Reserve Bank of San Francisco; |
May 17, 2024 | Due to deliver a commencement speech at the University of San Francisco; |
May 9, 2024 | Due to participate in a fireside chat at George Mason University, in Virginia; |
Apr 15, 2024 | Due to speak at the Associates Meeting of the Stanford Institute for Economic Policy Research. Audience questions expected; |
Apr 12, 2024 | Due to participate in a fireside chat at the 2024 Fintech Conference, in San Francisco; |
Apr 2, 2024 | Due to participate in a fireside chat at the Las Vegas Chamber of Commerce. Audience questions expected; |
Mar 29, 2024 | Due to deliver opening remarks at the Macroeconomics and Monetary Policy Conference, in San Francisco; |
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- USD FOMC Member Daly Speaks News
- From bnnbloomberg.ca|Jun 24, 2024
Federal Reserve Bank of San Francisco President Mary Daly warned the US labor market is nearing an inflection point, where further slowing could mean higher unemployment. Daly, who votes on monetary policy this year, said restrained demand will likely be needed to return inflation to the central bank’s 2% target. That may stress a labor market that while good, is no longer “frothy.” “So far, the labor market has adjusted slowly, and the unemployment rate has only edged up. But we are getting nearer to a point where that benign ...
- From @LiveSquawk|Jun 24, 2024|1 comment
post: Fed’s Daly: Must Be Mindful Of Not Loosening Policy Too Early Or Holding Too Long post: FED'S DALY: FROM CONTACTS, CONCERNS NOW ARE THE ONES WE HAD IN 2019 post: FED'S DALY: INITIAL CLAIMS FOR UNEMPLOYMENT INSURANCE STILL COMING IN LOW
- From frbsf.org|Jun 24, 2024
Thank you, Alex for that kind introduction. And thank you to the Commonwealth Club World Affairs of California and the San Francisco Press Club for hosting this event. I’m really looking forward to a lively discussion. Now, the last time I was here, the world looked considerably different. It was November 2021, and we were still struggling to come out of the pandemic. Inflation was high, the labor market was rebounding, and the federal funds rate, the Federal Reserve’s primary interest rate tool, was near zero. Things have clearly changed. The federal funds rate is now above 5 percent, inflation has receded, although not completely, and the labor market has more than recovered and is now slowly moving towards a more sustainable level. That’s a lot of improvement and we should acknowledge it. But we are not there yet. So, we must continue the work of fully restoring price stability without a painful disruption to the economy. Today, I will review where we stand and discuss what it will take to finish the job. As always, the views I will express are my own and post: DALY: IF INFLATION FALLS MORE SLOWLY THAN EXPECTED, POLICY RATE MUST STAY HIGHER FOR LONGER DALY: IF INFLATION FALLS RAPIDLY OR LABOR MKT SOFTENS MORE THAN EXPECTED, LOWERING POLICY RATE WOULD BE NECESSARY post: DALY: BUMPINESS OF INFLATION DATA SO FAR THIS YEAR HAS NOT INSPIRED CONFIDENCE post: FED'S DALY: INFLATION IS NOT THE ONLY RISK. post: FED'S DALY: IF THERE ARE GRADUAL DECLINES IN INFLATION AND SLOW LABOR MARKET REBALANCING, THEN THE FED CAN NORMALIZE POLICY OVER TIME.
- From @PiQSuite|May 28, 2024
post:
FED'S DALY: **NEW TECHNOLOGIES OFTEN REALLOCATE LABOR, WITH A 'PAINFUL GAP' FOR SOME WORKERS **NO ONE KNOWS THE IMPACT OF GENERATIVE AI ON LABOR AND THE ECONOMY
- From bnnbloomberg.ca|May 9, 2024
Federal Reserve Bank of San Francisco President Mary Daly said interest rates are currently restraining the economy, but it may take “more time” to return inflation to their goal. “We are restrictive, but it might take more time to just bring inflation down,” Daly said Thursday during a moderated discussion at George Mason University’s Mercatus Center, echoing remarks Fed Chair Jerome Powell made on April 16. Daly said recent data — which showed price pressures picked back up early this year — underscores why officials can’t declare ...
- From @MaceNewsMacro|May 9, 2024
post: SF FED'S DALY (VOTER) Q&A/MERCATUS: INFLATION IS 'GOING TO BE A BUMPY ROAD;' FAR TOO EARLY TO DECLARE VICTORY #Daly #FederalReserve post: FED'S DALY: THE LAST THREE MONTHS HAS LEFT CONSIDERABLE UNCERTAINTY ABOUT THE NEXT FEW MONTHS OF INFLATION. post: DALY: A RANGE OF SCENARIOS THE FED IS FACING RIGHT NOW post: Daly: Still See a “Really Healthy” Labor Mkt and Inflation That is Too High post:
?*DALY: POLICY RESTRICTIVE, MAY TAKE MORE TIME TO LOWER INFLATION
- From @DBNewswire|Apr 15, 2024
post: Fed’s Daly: Recent Inflation Data Was Not Surprising post: FED'S DALY CAUTIONS AGAINST OVERLY STRONG OR WEAK POLICY RESPONSE post: Fed’s Daly: No Urgency to Cut Rates post: FED'S DALY: MORE HOUSING NEEDED TO SOLVE HOUSING PROBLEM, BRIDLING INFLATION WON'T HELP
- From @financialjuice|Apr 12, 2024|1 comment
post: FED'S DALY: THERE IS ABSOLUTELY NO URGENCY TO ADJUST POLICY RATE. post: FED'S DALY: THERE'S TOO MUCH DISCUSSION OF HOW MANY RATE CUTS, RATHER THAN WHAT ARE WE TRYING TO ACCOMPLISH. post: FED'S DALY: I NEED TO BE FULLY CONFIDENT INFLATION IS COMING DOWN TO 2% BEFORE CONSIDERING A RATE CUT.
Released on Jun 24, 2024 |
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Released on May 28, 2024 |
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Released on May 9, 2024 |
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Released on Apr 15, 2024 |
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Released on Apr 12, 2024 |
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