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.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

newest first · ▶ plays the moment

It's a reflection of where interest rates have been over the last twelve to eighteen months.

And they've been modestly restrictive.

So they're gradually slowing the economy and gradually bringing inflation down.

And the thing we had been waiting for, at least I'd been waiting for for a long time, was for this to start showing through the housing sector.

And it has been in the last several months.

And so that's a really big and important sector that has to have inflation come down for us.

To achieve our 2% goal.

So if you started extrapolating services inflation, excluding housing is coming down, housing's coming down.

The goods sector without the tariffs was coming down.

And so you get all of those things and that's pushing you to two percent.

We have to adjust policy before we get there.

Because remember, anything we do, if we left it exactly where it is, it has another effect for another twelve to eighteen months.

Who knows what exactly the lags of monetary policy are?

The only thing people can agree with is it has a lag.

You know, in in central banking, and this is true at the Fed, but I think other central banks as well, you never want to rule out a tool.

simply because we haven't used it before.

And we did use our tools in an aggressive way.

But one shouldn't take that to mean I think that's the likely outcome.

But I do think we should think of all of our tools and all of our meetings as being available to us at all times.

Because the job isn't pick a tool that's exactly the one that everybody expects you to use.

Showing 721–740 of 1,237 · page 37 of 62