Fed President Mary Daly emphasizes need to lower inflation and monitor labor market

San Francisco Fed President Mary Daly says the central bank must lower inflation. She also warned of labor market risks and the need for restrictive policy.

San Francisco Federal Reserve President Mary Daly stated on Tuesday that the central bank still needs to get inflation down in the United States USUS, emphasizing that a modestly or slightly restrictive policy stance remains important to achieve this goal. Speaking on February 17, 2026, at San Jose State University, Daly noted that the Federal Reserve (U.S. central bank) remains focused on price stability as a top priority for the national economy.
San Francisco Federal Reserve Bank President Mary Daly attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy" in Jackson Hole, Wyoming, U.S., August 21, 2025. REUTERS/Jim Urquhart
San Francisco Federal Reserve Bank President Mary Daly attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium, "Labor Markets in Transition: Demographics, Productivity, and Macroeconomic Policy" in Jackson Hole, Wyoming, U.S., August 21, 2025. REUTERS/Jim Urquhart
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