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Bloomberg Talks
San Francisco Fed President Mary Daly Talks 2025 Rate Cuts
Dec 21, 2024
Mary Daly, President of the Federal Reserve Bank of San Francisco, provides a deep dive into the Fed's strategies for managing interest rates and inflation. She expresses confidence in the prospect of two rate cuts by 2025, showcasing a balanced approach that considers economic data. Daly discusses the challenges of sustaining job growth while keeping inflation in check, emphasizing the importance of effective communication from the Fed amid evolving economic conditions. Her insights reflect a cautious optimism about navigating the uncertain economic landscape.
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Quick takeaways
- Mary Daly expressed confidence in the Fed's plan for two interest-rate cuts next year, allowing for a more gradual policy adjustment.
- The discussion highlighted the Fed's challenge of balancing inflation control and labor market stability amidst an uncertain economic landscape.
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Meta's Open Source AI Initiative
Meta's open-source AI initiative allows small businesses, startups, students, and researchers to access and utilize their AI models at no cost. This accessibility fosters innovation by enabling a diverse range of individuals and organizations to create new technologies and applications. The philosophy behind open-source AI is that greater availability leads to broader benefits for society as a whole, as more people are empowered to build impactful solutions. This move signifies a commitment to democratizing AI technology rather than restricting it to larger corporations.
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