Fed’s Daly: Inflation Still Driven by Energy and Tariffs, Policy Focused on 12-Month Outlook
San Francisco Fed President Mary Daly stated that current inflation pressures remain driven by energy prices and tariff effects, and that monetary policy is focused on the 12-month outlook rather than long-term AI impacts.
San Francisco Federal Reserve President Mary Daly commented on the current inflation environment, noting that price pressures are still being fueled by energy costs and the effects of tariffs. She emphasized that the central bank's monetary policy decisions are centered on the 12-month economic outlook, steering clear of long-term considerations such as the impact of artificial intelligence.
Source: First Squawk