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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But the rising

Well, i if that was the main group we were relying on.

But I think that is something interesting.

I mean that what's really contributing to the l lower labor force is immigration and the fact that we have a baby boom aging into into retirement.

But I think the stock market's more interesting from that point.

even more interesting to me is the fact that you have to look at a variety of things.

You have to look from how banks are doing, how private equity's doing, how the stock market's doing.

What does it all tell you?

And so

we are broadening how we calculate financial conditions.

You can't just look at the interest rates.

I used to when I first started at the Fed, when we were talking to our boards and councils, we had a little chart of interest rates.

It had the 30 year, the 10 year, the two year treasury, and it had a mortgage interest rate.

Now you have to talk about financial conditions writ large.

Are they tighter?

Are they are they softer?

What is more accommodating?

What is it?

And I think that's a change in the marketplace.

That's meant.

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