Mary Daly SF Fed
  • Highlights improving consumer sentiment data (likely today's UMich report)
  • I've heard cautious optimism on economy
  • I see inflation coming down
  • Policy is in a good place
  • We're in a great place with policy and the economy and we can start to be more patient to see what we need to do next
  • We don't want to solve the inflation problem by taking people's jobs away
  • We don't want to loosen policy too soon
  • The job this year is about calibration
  • Goods prices inflation is coming down and services prices are coming down
  • There is a purposeful march towards normalization
  • Cyclically we're getting to a better place