News Coverage

“We don’t know the full impact yet, but no technology in the history of all technologies has ever reduced employment on net.”

Media Q&A Transcript with Federal Reserve Bank of San Francisco President Mary C. Daly

“I don’t want to pull up too short or too early and then have inflation stay high. That’s a terrible, terrible situation. I refuse to do that,” SF Fed President Mary Daly said in a recent interview. Read the article.

“For the longest time, inflation has been the focus of our hiking campaign. Now, as we monitor the economy, we have to look at both sides of our mandate,” Daly said. Read the article.

“Jobs are being created, as well as jobs being replaced. If we can get people to upskill or reskill to take the jobs that are being created, we’ll have a very successful and growing economy. But that’s the burden on us…,” she said. Read the article.

“Monetary policy is working. We’re getting the job done. And that’s what Americans want from us,” she emphasized. Read the article.

“I tell them about San Francisco, and I tell them we have great assets, we have great people, we have great innovation, we have forward thinking, we have a great climate and infrastructure.” Read the article.

“Fortunately, policy is in a very good place. We are in what I call the ready position,” Daly told Axios at the University of San Francisco. “We can adjust policy as we need to.” Read the article.

“The bottom line on AI and what its impact will be on the economy, the labor market, is that it’s going to be up to us.” Listen here.

Her recent visit offered Nevadans an opportunity to ask pressing questions directly to an influential policymaker. Read the article.