A Trip to Alaska With San Fran Fed President Mary Daly

Odd Lots

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4.4 • 1.6K Ratings

🗓️ 17 October 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Earlier this year, we traveled along with San Francisco Fed President Mary Daly on a trip to Alaska. You may remember the episodes we did with Mary at the time, as well as business and other leaders in the state. But we also had the chance to sit in with Mary while she talked with her contacts on the ground. On this special episode, you'll hear some of those discussions and get a sense of exactly what happens when a regional Fed president goes out and learns from the community. You'll hear from officials at the Port of Anchorage dealing with the new trade landscape, a company that makes steel tubing for the oil industry coming to grips with tariffs, and from managers involved at the airport, to get a sense of how the Alaskan economy works and the distinct pressures they're facing right now.

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Transcript

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0:00.0	Hello and welcome.
0:01.8	This is The Michelle Hussein Show.
0:04.2	I'm Michelle Hussein.
0:05.7	I speak with people like Elon Musk.
0:08.2	I think I've done enough.
0:09.2	And Shonda Rhymes.
0:10.1	That's so cute.
0:11.0	This will be a place where every weekend you can count on one essential conversation
0:16.7	to help make sense of the world.
0:19.1	So please join me.
0:20.4	Listen and subscribe to the Michelle Hussein show from Bloomberg Weekend,
0:25.6	wherever you get your podcasts.
0:27.2	You certainly ask interesting questions.
0:33.1	Bloomberg Audio Studios, Podcasts, Radio, News.
0:38.3	Seconds away, the question is not if they'll cut interest rates. The question is by how much?
0:43.0	The answer to your question, John, is a quarter percentage point cut as expected, but Fed officials also see two more cuts this year in October and December.
0:52.3	It's Wednesday, September 17th, the Federal Open Market Committee has just wrapped up their most recent meeting in Washington, D.C., and after two days of analyzing and debating and forecasting, the committee voted to cut interest rates by 25 basis points.
1:08.1	I remain squarely focused on achieving our dual mandate goals of maximum
1:12.1	employment and stable prices for the benefit of the American people. While the unemployment
1:17.2	rate remains low, it has edged up. Job gains have slowed. Yeah, it's the first time the Fed has
1:22.8	cut in over a year, move coming after months of debate. And on the one hand, the labor market is
1:28.3	slowing. But on the other hand, we're still trying to figure out what the impact of the tariffs is
	...

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