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San Francisco Federal Reserve President Mary Daly: Monetary Policy in Uncertain Times

Commonwealth Club of California Podcast

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The Stock Market Is a Euphoric Market

Housing is completely different than it was in the financial crisis. Household balance sheets are in very good shape. People use some of the money that they either saved not travelling, if they were working to pay down debt or di not take on more debt. So why do we have these elevated prices? Well, people have money, and the interest rate is good. Mortgage interest rates are good, and people want more space. In 19 18, here in the bay area, people fled the city to move out to, you know, past oakland and into contracostarite. And then when the pandemic ended, they came back for the roaring twentiesto be in the cities

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