Podcast appearances and mentions of Mary C Daly

Hosts: Rusty Cannon and Greg Skordas  As the stock market swings up and down, threats of tariffs abound, and overall consumer sentiment wanes, it’s called into question the health and stability of the economy. Uncertainty about federal policymaking has contributed to a flight out of the U.S. dollar in recent weeks as well. With all of this in mind, what is the state of the economy – globally, nationally, and here in Utah? Mary C. Daly, President of the Federal Reserve Bank of San Francisco joins to share some perspective. 

Hosts: Rusty Cannon and Greg Skordas  American citizens getting caught up in calls to self-deport; Trump pushes for SCOTUS to allow deportation of Venezuelan migrants  Emails from the Department of Homeland Security have been going out to immigrants and visa holders around the country, telling them their parole is ending and to self-deport. But U.S. citizens are being caught up in those emails as well, causing concern about the processes and safeguards in place to ensure the correct people are deported. It comes while the Trump administration pushes for SCOTUS to remove the bar on deportations of Venezuelan migrants. The Inside Sources hosts dig into the latest on the deportation situation.    Harvard University suing Trump administration over cut grant funding  Harvard University is suing the Trump Administration, saying the White House cannot dictate who the private university hires and what they teach. It comes after the White House announced the cutting of more than $2 billion in grants, with the administration saying that Harvard is not doing enough to combat antisemitism.    Jury deliberations underway in conspiracy to commit murder case for Lori Vallow Daybell  Lori Vallow Daybell’s trial in Arizona has wrapped up and now the jury is deliberating whether or not she is guilty. This trial was separate from last year’s Idaho trial; this one looked at whether Daybell conspired to kill her husband. KSL Legal Analyst Greg Skordas has been following the case closely. He explains the differences between this case and the last case, and what he thought of the whole thing.    The state of the economy – globally, nationally, and locally  As the stock market swings up and down, threats of tariffs abound, and overall consumer sentiment wanes, it’s called into question the health and stability of the economy. Uncertainty about federal policymaking has contributed to a flight out of the U.S. dollar in recent weeks as well. With all of this in mind, what is the state of the economy – globally, nationally, and here in Utah? Mary C. Daly, President of the Federal Reserve Bank of San Francisco joins to share some perspective.    Confusion abounds following ruling of Utah voucher program as ‘unconstitutional’  The Utah Fits All Scholarship is currently on pause following a ruling from a Utah judge that the program is unconstitutional. The fight isn't over yet though; state lawmakers say they are planning their appeal and will look at other avenues to keep the program running. Tomorrow, the parties will be back in court. In the meantime, there's confusion about teacher salaries and how this pause affects beneficiaries of the program. Inside Sources host Rusty Cannon tries to get some clarification.    Senator John Curtis has been in office for 100 days – how are things going?  Senator John Curtis just passed the 100-day mark of his first term representing Utah in the U.S. Senate. In that time, what's he done and what's up next? We wanted to get a kind of pulse check on how things are going with Senator Curtis' agenda, so Senator Curtis’ Chief of Staff, Corey Norman joins Inside Sources to share some insights. He also discusses ways the Senator hopes to reimagine town hall meetings.   

Friday, December 6, 2024  Hoover Institution | Stanford University The Hoover Institution held a conversation with President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly and Hoover Institution Senior Fellow, John H. Cochrane on Emerging Technology and the Economy on Friday, December 6th at 10:00 a.m. in the Shultz Auditorium, George P. Shultz Building.​ About the Speakers Mary C. Daly is President and CEO of the Federal Reserve Bank of San Francisco, where she contributes to shaping U.S. monetary policy as part of the Federal Open Market Committee (FOMC). A labor and public policy economist, Daly is devoted to research and to ensuring that it is translated into practices that improve the lives of everyone. In addition to her work with the Federal Reserve, Daly has served as a visiting professor at Cornell University and UC Davis, and has been an advisor to the Congressional Budget Office, the Library of Congress, and the Social Security Administration. Daly is known for her ability to communicate and is a frequent speaker in the U.S. and internationally. She also hosts an award-winning podcast, Zip Code Economies. Daly holds a bachelor's degree from the University of Missouri-Kansas City, a master's degree from the University of Illinois Urbana-Champaign, a Ph.D. in economics from Syracuse University, and completed a post-doctoral fellowship at Northwestern University. John H. Cochrane is the Rose-Marie and Jack Anderson Senior Fellow at the Hoover Institution. He is also a research associate of the National Bureau of Economic Research and an adjunct scholar of the CATO Institute. Before joining Hoover, Cochrane was a Professor of Finance at the University of Chicago's Booth School of Business, and earlier at its Economics Department. He was a junior staff economist on the Council of Economic Advisers (1982–83). His most recent book is The Fiscal Theory of the Price Level. Cochrane frequently contributes editorial opinion essays to the Wall Street Journal. He maintains the Grumpy Economist blog. Cochrane earned a bachelor's degree in physics at MIT and his PhD in economics at the University of California at Berkeley. 

Mary C. Daly leads the Federal Reserve Bank of San Francisco and will deliver remarks on monetary policy and the economy followed by Q&A. In 2024, Dr. Daly became a voting member of the Federal Open Market Committee, the monetary policymaking body of the Federal Reserve System. Dr. Daly assumed leadership of the San Francisco Fed in October 2018, building on a distinguished career at the Bank that began in 1996. Starting as an economist specializing in labor market dynamics and economic inequality, she has since served as research advisor, vice president and head of macroeconomics, senior vice president and assistant director of research, and executive vice president and director of research. In Partnership with The San Francisco Press Club.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Please join Mary Daly of the Federal Reserve Bank of San Francisco as she discusses the Fed's dual mandate, the pain of high inflation, and the outlook for the U.S. economy. The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.

Guardrails against dangerous lies on Twitter? Now that Elon has total control over one of the major ways Americans find out what's happening (I know, I know -- Twitter is vapid and filled with smears and jeers, but it has a hugely important role in shaping the news), what can be done to establish guardrails against dangerous lies? It seems likely that Musk will take down the few guardrails that remain on Twitter — but some guardrails are surely needed to prevent malicious harassment or dangerous instigation of violence. Twitter (like Zuckerberg's Facebook and Instagram) is more like a public utility than a private company. It has public functions and no direct competitors. What to do?Much of the answer boils down to making Twitter (and Facebook and Instagram) more responsible for what users say on its platform – just as any other publisher is responsible. In every other dimension of public life, tort laws allow people who are defamed, harassed, or otherwise injured by malicious or hateful speech to sue. There's a high bar: plaintiffs must establish that the publisher knew or had reason to know that the published material was false and injurious. But the mere possibility of being sued causes publishers to take at least a modicum of responsibility.In 1996, Congress enacted Section 230 of the Communications Decency Act — shielding website owners from liability by decreeing that they shouldn't be treated as a “publisher.” But back then Congress could not possibly have foreseen what would happen over the next quarter century: giant firms like Twitter and Facebook making huge amounts of money by posting incendiary content that attracts lots of eyeballs and gives them mountains of user data that they then monetize — even if the content encourages political violence, riots, or gang shootings.I've been talking for some time about the various ways the rich and powerful in our society shield themselves from accountability. I'm well aware of arguments on the other side of this issue (and will share them with you), but I've come to the conclusion that Congress should repeal Section 230. Doing so would be one step toward restoring accountability.**How to stop inflation without a recession? The mainstream media, meanwhile, continues to mislead the American public about inflation. (Ideological blinders are not — and should never be — subject to liable laws. But they need to be called out.) A lead article in this week's New York Times, by Jeanna Smialek and Ben Casselman, is a case in point. It attributes inflation largely to a “red-hot labor market.” The authors write that “America's heady pay gains could mean that the Fed has to react more aggressively to slow down the economy,” and quote Mary C. Daly, president of the Federal Reserve Bank of San Francisco, as saying that higher wages can be a “feeder for inflation,” and Fed Chair Jerome Powell, that the job market is “unsustainably hot” and that it's the Fed's job “to get to a better place where supply and demand are closer together.”  Rubbish. Labor costs aren't pushing inflation. Corporate profits are. If the Fed keeps raising interest rates to prevent labor costs from rising, we'll be in a recession before you know it. According to a new report by Josh Bivens at the Economic Policy Institute, over half of price inflation since March 2020 (he estimates 53.9 percent) is attributable to fatter profit margins, while labor costs account for less than 8 percent. As the chart below shows, from 1979 to 2019, profits contributed only a bit over 11 percent to price growth, and labor costs over 60 percent. Corporate power has built up over the last forty years, and the pandemic-driven demand surge has given firms even more pricing power vis-à-vis their customers. Powerful firms have also been free to pass on cost increases to their customers because they don't face strong competition, and have been using the cover of “inflation” to add even more to their profit margins. Bivens suggests that a temporary excess profits tax could provide some countervailing weight to the pricing power firms currently have vis-à-vis their customers. I agree. (Pity that the Times doesn't report any of this.)***How to win a war? Notwithstanding Putin's efforts to persuade the Russian people that his war is going well (and Putin's generals' efforts to convince Putin that it's going well), all available evidence suggests it's going terribly badly for Putin. I'm in awe of Ukraine's ability to take on the Russian Goliath and push it back. When the history of this horror is written, NATO and Joe Biden will get enormous credit as well. Their steady hands and steadfast strategy appear to be working. Patience, tenacity, and careful use of every tool available to them — short of putting NATO or American troops into Ukraine — is turning the tide. We have no way of knowing how this will turn out (and I continue to fear what a cornered Putin may resort to), but the courage and intelligence of Ukraine, NATO, and Biden deserve our commendation and thanks. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit robertreich.substack.com/subscribe

Mary C. Daly is the president and CEO of the Federal Reserve Bank of San Francisco. She returns to The Commonwealth Club for a much-anticipated discussion on how to approach monetary policy amidst the uncertainty of an economy still struggling to overcome the effects of the COVID-19 pandemic. Since taking office in October 2018, Dr. Daly has committed to making the San Francisco Fed a more community-engaged bank that is transparent and responsive to the people it serves. She works to connect economic principles to real-world concerns and concentrates on monetary policy, labor economics, and increasing diversity within the economics field. Dr. Daly began her career with the San Francisco Fed in 1996 as an economist specializing in labor market dynamics and economic inequality. She went on to become the bank's executive vice president and director of research. She currently serves on advisory boards for the Center for First-generation Student Success and the Maxwell School of Citizenship and Public Affairs at Syracuse University. She has also served on the advisory boards of the Congressional Budget Office, the Social Security Administration, the Office of Rehabilitation Research and Training, the Institute of Medicine, and the Library of Congress. Dr. Daly earned a bachelor's degree from the University of Missouri-Kansas City, a master's degree from the University of Illinois Urbana-Champaign and a Ph.D. from Syracuse University. She also completed a National Institute of Aging post-doctoral fellowship at Northwestern University. A native of Ballwin, Missouri, Dr. Daly now lives in Oakland, California, with her wife Shelly. SPEAKERS Mary C. Daly President and CEO, Federal Reserve Bank of San Francisco. Lenny Mendonca Former Chief Economic and Business Advisor, Director of the Office of Business and Economic Development, State of California; Member, Commonwealth Club Board of Governors In response to the COVID-19 pandemic, we are currently hosting all of our live programming via YouTube live stream. This program was recorded via video conference on November 16th, 2021 by the Commonwealth Club of California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Mary C. Daly is the president and CEO of the Federal Reserve Bank of San Francisco. She returns to The Commonwealth Club for a much-anticipated discussion on how to approach monetary policy amidst the uncertainty of an economy still struggling to overcome the effects of the COVID-19 pandemic. Since taking office in October 2018, Dr. Daly has committed to making the San Francisco Fed a more community-engaged bank that is transparent and responsive to the people it serves. She works to connect economic principles to real-world concerns and concentrates on monetary policy, labor economics, and increasing diversity within the economics field. Dr. Daly began her career with the San Francisco Fed in 1996 as an economist specializing in labor market dynamics and economic inequality. She went on to become the bank's executive vice president and director of research. She currently serves on advisory boards for the Center for First-generation Student Success and the Maxwell School of Citizenship and Public Affairs at Syracuse University. She has also served on the advisory boards of the Congressional Budget Office, the Social Security Administration, the Office of Rehabilitation Research and Training, the Institute of Medicine, and the Library of Congress. Dr. Daly earned a bachelor's degree from the University of Missouri-Kansas City, a master's degree from the University of Illinois Urbana-Champaign and a Ph.D. from Syracuse University. She also completed a National Institute of Aging post-doctoral fellowship at Northwestern University. A native of Ballwin, Missouri, Dr. Daly now lives in Oakland, California, with her wife Shelly. SPEAKERS Mary C. Daly President and CEO, Federal Reserve Bank of San Francisco. Lenny Mendonca Former Chief Economic and Business Advisor, Director of the Office of Business and Economic Development, State of California; Member, Commonwealth Club Board of Governors In response to the COVID-19 pandemic, we are currently hosting all of our live programming via YouTube live stream. This program was recorded via video conference on November 16th, 2021 by the Commonwealth Club of California. Learn more about your ad choices. Visit megaphone.fm/adchoices

Daly went from a high school dropout to the president and C.E.O. of the Federal Reserve Bank of San Francisco. On the latest 'Cuse Conversations Podcast, learn how Daly became one of the world's most respected economists, and how her time spent studying economics and public policy in the Maxwell School of Citizenship and Public Affairs helped her devise fiscal policies geared at serving others.