Mary Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. Daly spoke earlier:
- Fed's Daly: Patience is the boldest, best action
- Fed's Daly says running a sustained expansion gives people time to come back to the jobs market
More:
- I have a strong bias to stick to current taper pace
- if we hadn't had delta, I'd be thinking about raising rates; but that's not where we are
- if inflation is still high once pandemic subsides, that's a different conversation
- after taper, the next step is forward guidance, to get that better aligned with the economic outlook
