San Francisco Fed President Mary Daly Explains the 'Hawkish Cut'

Odd Lots

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News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 23 December 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Last week, the Federal Reserve cut benchmark rates by 25 basis points, but simultaneously signaled a slower pace of cuts for next year. The guidance surprised markets and sparked a selloff in both stocks and bonds as traders adjusted to the new forecast. So what made the Fed change its stance? And where do the balance of risks to the economy lie right now? In this episode, we speak with Federal Reserve Bank of San Francisco President Mary Daly about how she's viewing the outlook for both inflation and the labor market. We also talk about the impact of AI on productivity, and how she's thinking about the potential impact of new policies from the incoming Trump administration.

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1:03.0	Bloomberg Audio Studios.
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1:22.9	Hello and welcome to another episode of the All Thoughts podcast.
1:24.2	I'm Tracy Allaway.
1:25.8	And I'm Joe Wisenthal.
1:28.0	Joe, how about that hawkish cut, eh?
1:36.4	Exciting, interesting times in macroeconomics, the Fed, the markets, plenty to talk about right now.
	...

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