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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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Are We on the Right Side of History for Fiscal Stimulus?

A lot of questions here about at the level of both monitor and fiscal stimulus. Is that an important element of what's driving inflation, beyond the elements of the pandemic? And how should we think about the level of federal support and deficits as you look forward? A pendemic is a really bad thing. We hadn't had one since 19 18. That's a hundred years or more ago. The idea that we would just leave people behind because we are afraid we'd increase the deficit...that's like eating your seed corn.

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