Chairman Daly’s Fireside Chat with UC Berkeley’s Fisher Center for Real Estate & Urban Economics
Friday, October 21, 2022
8:30 a.m. PT
At the UC Berkeley Fisher Center for Real Estate & Urban Economics Policy Advisory Board meeting, Chairman Daly sat down with Alex Mehran, Sr. for a fireside chat. Watch their conversation and hear Mary’s thoughts on the housing market and the state of the economy.
Mary C. Daly is president and chief executive officer of the Federal Reserve Bank of San Francisco and helps set US monetary policy as a member of the Federal Open Market Committee. Since taking office in 2018, she has been committed to making the Fed a more community-engaged bank that is transparent and listens to the people it serves. Read the full biography of Mary C. Daly.
The singularity of the dual mandate
Watch Chairman Daly discuss the pain of high inflation, the Fed’s dual mandate, and her thoughts on the way forward in her keynote address at Boise State University.
Comparison of housing inflation measures
In a tight labor market, workers are able to react to price increases by bargaining for higher wages. Analysis of conditions since the pandemic shows that, in the recent context of high inflation and low unemployment, wages have become much more sensitive to expected price inflation than in the past.
Economist Zheng Liu gives his view on the current economy and the outlook as of October 20, 2022.