Fed President Mary Daly Warns Economic Outlook Feels Precarious

Mary Daly says the economic outlook feels precarious as inflation stays high. She notes the Fed must balance price stability with a cooling US labor market.

San Francisco Federal Reserve Bank President mary daly stated on Friday that the economic outlook for the United States USUS feels "precarious" as the central bank navigates persistent inflation and a cooling employment landscape. Speaking on February 6, 2026, mary daly highlighted that inflation is currently printing above the Federal Open Market Committee (FOMC) 2 percent goal, creating a complex environment for monetary policy.
San Francisco Federal Reserve Bank President Mary Daly attends the Federal Reserve Bank of Kansas City's 2025 Jackson Hole economic symposium 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 in Jackson Hole, Wyoming, U.S., August 21, 2025. REUTERS/Jim Urquhart
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