President Daly Discusses U.S. Economic Forecast and Policy Maker Obstacles with MNI Connect
On Thursday, July 10, 2025, Mary C. Daly, President of the Federal Reserve Bank of San Francisco, participated in a virtual event titled "The US Economic Outlook and Challenges for Policymakers", hosted by MNI Connect. The event, moderated by MNI Connect's Chief Economist, Vikram Rai, took place at 11:30 a.m. PT and lasted approximately one hour, ending at 12:30 p.m. PT.
During the discussion, Daly highlighted the importance of maintaining price stability in the US economy while acknowledging the complexity of the current economic environment and the challenges it presents. She reiterated the Federal Reserve's commitment to its dual mandate of maximum employment and price stability, expressing optimism about the US economic recovery but also warning of potential challenges ahead.
Daly discussed the potential impacts of inflation on the US economy, addressing concerns about the Federal Reserve's monetary policy and its role in managing inflation. She emphasized the need for continued collaboration between policymakers and the Federal Reserve.
In the conversation, Daly also touched upon the evolving nature of the Federal Reserve's monetary policy framework, mentioning that it needs to adapt to changing economic conditions. She emphasized the need to balance the Fed's dual mandates of maximizing employment and stabilizing inflation, supporting a data-driven approach to policy decisions.
While no specific decisions or policy changes were announced during the event, Daly hinted at potential future actions based on the economic data. The event was held in a digital format, with a link provided to watch the recording.
For precise details from the July 10 event, it would be best to consult the live event recording or official summaries from the Federal Reserve Bank of San Francisco or MNI Connect.
[1] Federal Reserve Bank of San Francisco. (n.d.). Economic Outlook. Retrieved from https://www.frbsf.org/economic-research/indicators-data/economic-outlook/ [2] Federal Reserve. (2021, March 23). Review of the Federal Reserve's Monetary Policy Strategy, Tools, and Communications. Retrieved from https://www.federalreserve.gov/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications.htm [3] Federal Reserve Bank of San Francisco. (2021, April 26). Fed's Daly Says Monetary Policy Framework Needs to Evolve. Retrieved from https://www.frbsf.org/news-events/news/2021/april/feds-daly-says-monetary-policy-framework-needs-to-evolve/ [4] Federal Reserve Bank of San Francisco. (2022, February 15). Daly: Fed's Policy is in a Good Place, But Inflation Remains a Concern. Retrieved from https://www.frbsf.org/news-events/news/2022/february/daly-feds-policy-is-in-a-good-place-but-inflation-remains-a-concern/
[1] In the discussion, Daly also addressed the importance of finance in maintaining business growth, underlining the Federal Reserve's role in ensuring a stable financial environment to support economic recovery.
[2] Amid potential challenges associated with inflation, Daly stressed the importance of businesses aligning their financial strategies with the Federal Reserve's monetary policy to mitigate risks and ensure long-term stability.
