Podcasts Business Non-Profit Macro Musings with David Beckworth Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Feds Framework

Mary Daly on Fed Policy, the Economic Impacts of AI, and the Future of the Feds Framework

Published: May 13, 2024, 4:01 a.m.

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\u2019s framework, and much more.

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Transcript for this week\u2019s episode.

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Mary\u2019s Twitter: @MaryDalyEcon

Mary\u2019s San Francisco Fed profile

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Related Links:

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*Facts, Fears, and Functionality of NGDP Level Targeting* by David Beckworth

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Timestamps:

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(00:00:00) \u2013 Intro

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(00:01:30) \u2013 Mary Daly\u2019s Background

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(00:06:09) \u2013 Recent Inflationary Trends and the Future of Fed Policy

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(00:15:39) \u2013 The Trajectory of R-Star Over the Medium to Long-Run

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(00:19:06) \u2013 The Long-Term Economic Impacts of AI

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(00:29:51) \u2013 Expectations for the Upcoming Fed Framework Review

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(00:33:35) \u2013 Prospects for Nominal GDP Targeting at the Fed

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(00:36:58) \u2013 Fed Policymaking During an Election Year

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(00:38:16) \u2013 Audience Q&A Period

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(01:01:09) \u2013 Outro