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Getting It Right: Meeting Uncertainty with Conditionality

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  • Mary C. Daly

Abstract

We’ve made a lot of progress in bringing down inflation, but there is more to do. We need to exhibit care and be ready to respond to however the economy evolves, balancing policy to protect full employment while restoring price stability. That is the economy we are striving for and working to deliver. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the Commonwealth Club World Affairs of California, in partnership with the San Francisco Press Club, on June 24.

Suggested Citation

  • Mary C. Daly, 2024. "Getting It Right: Meeting Uncertainty with Conditionality," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2024(17), pages 1-6, July.
    • Handle: RePEc:fip:fedfel:98465
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    References listed on IDEAS

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    1. Erin E. Crust & Kevin J. Lansing & Nicolas Petrosky-Nadeau, 2023. "Reducing Inflation along a Nonlinear Phillips Curve," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2023(17), pages 1-5, July.
    2. Ben Bernanke & Olivier Blanchard, 2025. "What Caused the US Pandemic-Era Inflation?," American Economic Journal: Macroeconomics, American Economic Association, vol. 17(3), pages 1-35, July.
    3. Zoë Arnaut-Hull & Leila Bengali, 2024. "How Quickly Do Prices Respond to Monetary Policy?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, vol. 2024(10), pages 1-5, April.
    4. Benigno, Pierpaolo & Eggertsson, Gauti, 2023. "It's Baaack: The Surge in Inflation in the 2020s and the Return of the Non-Linear Phillips Curve," CEPR Discussion Papers 18116, C.E.P.R. Discussion Papers.
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