Fed's Daly Says Forward Guidance Could Be Misleading

San Francisco Fed President Mary Daly said monetary policy is in a good place, while stressing there is still too much uncertainty ahead. She was bullish on artificial intelligence, but said there is no evidence yet that it is producing productivity gains. The remarks are mainly policy commentary and are unlikely to move markets materially.

Analysis

San Francisco Fed President Mary Daly said monetary policy is in a good place, while stressing there is still too much uncertainty ahead. She was bullish on artificial intelligence, but said there is no evidence yet that it is producing productivity gains. The remarks are mainly policy commentary and are unlikely to move markets materially.