Macro Musings with David Beckworth
Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Fed’s Framework
May 13, 2024
Mary Daly, President and CEO of the Federal Reserve Bank of San Francisco, discusses Fed policy, AI's economic impacts, and the Fed's future framework. They cover inflation trends, R-star trajectory, AI's long-term effects, upcoming Fed framework review, and prospects for nominal GDP targeting. Audience Q&A includes Fed policymaking during an election year.
01:01:55
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Quick takeaways
- Embrace non-linear career paths for personal growth and professional success.
- Adjust Fed policy based on changing economic scenarios to address uncertainty.
Deep dives
President Mary Daly Reflects on Non-linear Career Paths and Finding Passion
President Mary Daly shares her journey from dropping out of high school to becoming the president and CEO of San Francisco Fed. Her story underscores the importance of embracing non-linear career paths and finding alignment between passion, talent, and values. She highlights the misconception of needing a linear career trajectory and encourages individuals to embrace diverse experiences as integral parts of personal growth and professional development.
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