I had the incredible opportunity to interview Mary Daly, the President and CEO of the San Francisco Federal Reserve. As we all know, the Federal Reserve is raising rates, shrinking their balance sheet in order to fight inflation - but there are increasing concerns over the consequences that those policy decisions have.
People are the economy. The economy is just a bunch of people “peopling” around. That’s really important to keep in mind when making policy decisions. We discuss all that and more in this interview - wealth disparity, generational impacts, lessons that the Fed has learned, the concept of data dependency and lagged metrics, as well as the ties between fiscal and monetary policy.
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