Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Fed’s Framework
Macro Musings with David Beckworth
English - May 13, 2024 04:01 - 1 hour - 49.6 MB - ★★★★★ - 334 ratingsNon-Profit Business Education policy economics macroeconomics monetary Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Mary Daly is the president and CEO of the Federal Reserve Bank of San Francisco, a voting member of the Federal Open Market Committee (FOMC), and is also a 28-year veteran of the Federal Reserve System. President Daly joins David for this special live episode of Macro Musings to talk about her non-linear career path to the world of monetary policy, the long-term economic impacts of AI, the future outlook for Fed policy and the Fed’s framework, and much more.
Transcript for this week’s episode.
Mary’s Twitter: @MaryDalyEcon
Mary’s San Francisco Fed profile
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*Facts, Fears, and Functionality of NGDP Level Targeting* by David Beckworth
Timestamps:
(00:00:00) – Intro
(00:01:30) – Mary Daly’s Background
(00:06:09) – Recent Inflationary Trends and the Future of Fed Policy
(00:15:39) – The Trajectory of R-Star Over the Medium to Long-Run
(00:19:06) – The Long-Term Economic Impacts of AI
(00:29:51) – Expectations for the Upcoming Fed Framework Review
(00:33:35) – Prospects for Nominal GDP Targeting at the Fed
(00:36:58) – Fed Policymaking During an Election Year
(00:38:16) – Audience Q&A Period
(01:01:09) – Outro