Mary Daly

speaker
1,237 appearances 2 recordings 1 series first heard Dec 2024 last heard Aug 2025

Mary Daly’s voice in public audio — every appearance, attributed to the second.

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Then we need to bring our best statistical minds to think about if I take the ones that aren't imputed and I look at how correlated they are with underlying inflation over time, what do I learn?
Are they a good signal?
we talk about what we do.
And part of talking about what we do is to say we have
history and models that tell us a little bit about how the economy works.
We have the incoming information and we have all the periods of time when the information has been volatile and we can understand the underlying trends.
And then we have
the people we talk to.
And what was interesting about the jobs report on Friday is it better matched in the direction of change, not in the magnitude, it better matched what I've been hearing.
And so a disciplining device for data that you don't know if they're really
Accurate is what you hear from people because people do not tell you, I feel really, really comfortable getting a job only to find out that the job market report is bad.
What they will tell you is, boy, it looks really worrisome out there.
And then you get a jobs report that doesn't look like the rapid job growth.
That was the thing that was out of whack.
The rapid job growth from the month before is what I said, well, really?
That's not what I'm hearing.
What's the gap?
And we spend
spent a lot of time digging in and l unpacking that.
But then when the jobs market report got revised, I was like, okay, that makes more sense.
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