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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Appearances
The job is
Restore price stability and do it without tripping up the labor market and leaving people with lower inflation, but no jobs.
Well, y you know, if you take the just take the idea that we import things, if the cost of those
imports goes up, either because the dollar is weaker.
We don't make dollar policy, just want to say that.
We take the dollar as outside of our world.
It's just another input to our equation.
But if you have a weaker dollar and you're paying then more to import things, or you have tariffs, so you're paying more to import things, well then that's just going to raise the rate of inflation.
It's going to put upward pressure on inflation.
So then the Fed has to
Think, okay, what are the things creating upward pressure on inflation and what are the things creating downward pressure on inflation?
And how do we navigate that to get to two percent inflation?
That's the job regardless of whether you always have things that are pushing inflation up and pulling inflation down.
Our job is to net those things and say what's left.
And whatever's left, we use the interest rate to achieve.
You know, I think you could be a regional Fed President, you could be anyone who works at the Federal Reserves in the Federal Reserve system.
You could simply be
A citizen of the United States, so someone who cares deeply about how the country goes.
And the the requirements are always the same.
You put other people first, above your own self.
Showing 741–760 of 1,237 · page 38 of 62
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