Mary Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco
Daly spoke earlier:
Further remarks now:
- running a sustained expansion gives people time to come back to the jobs market
- decision on interest rates is not about a punch bowl, its about millions of jobs
- expects that infrastructure spending will increase growth potential going forward
- US stock market is euphoric
- uncertainty is high over the next 6 to 9 months, not only for the US economy but also globally
- its unclear how or if technology will boost productivity growth; investing in human capital is the surer way to get to higher productivity
