SF Fed’s Mary Daly: ‘Inflation was always going to be a bumpy ride’
Just days after new inflation data dashed hopes that interest rates would soon fall, returned on April 15 to familiar ground at the Stanford 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 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.
Trione Director Mark Duggan and San Francisco Fed President and CEO Mary Daly take the stage together at on April 15.
Mary Daly and Shelby Buckman, a Stanford 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 scholars at Stanford.
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