Fed's Daly says need fiscal and monetary policy to work together

Mary Daly is President and Chief Executive Officer of the Federal Reserve Bank of San Francisco. Speaking at the RBNZ / IMF conference in New Zealand.

In the Q&A session now after her earlier speech:

• Fed's Daly: Says she is 'biased' toward running economy hot, given low inflation, uncertainty over 'full employment'

From the Q&A:

• Challenging to get the policies to work together
• we are going to need fiscal and monetary policy to work together
• convinced that forward guidance is an effective tool, says its more effective than QE