News Coverage

Group media Q&A transcript following President Daly’s closing keynote, “Forward-Looking Policy in a Real-Time World,” at the Princeton Economic Policy Symposium on March 4, 2023.

“Right now, the most important thing to convey to listeners is that the direction for policy is for additional tightening and holding that restrictive stance for some time. But the ‘how we get there,’ the tactics, the meeting-by-meeting decisions really have to be data-dependent,” she stressed. 

“The job of the Fed is to – as carefully and consciously as we can – navigate through this is so that there’s the least pain in the economy as possible while we restore price stability,” President Daly discussed with Host Darian Woods.

President Daly joined Nick Timiraos, The Wall Street Journal’s chief economics correspondent, to discuss her outlook for the economy, inflation and interest rates in 2023. 

President Daly said that as she travels around her district — which spans nine western states and is the Fed system’s largest district both by geography and by the size of its economy — she hears that “people’s own situations feel different than the situations they fear are out there, or that they even see out […]

Group media Q&A transcript following President Daly’s keynote, “Resolute and Mindful: The Path to Price Stability” at the Orange County Business Council on November 21, 2022. 

  “Pausing is off the table right now, it’s not even part of the discussion. Right now, the discussion is, rightly, in slowing the pace.”

“If I can do one thing for the public, I would say: stop thinking about pace and start thinking about level.”

“It is important to recognize that high inflation is what we would call a regressive tax. It is affecting the very people who are the most affected by the pandemic and the very people who suffer from inequality already.” 

“There’s literally no doubt in my mind that we need to put a more restrictive stance of policy in the economy to further get demand and supply in balance,” she said.