C oh come on. Good morning. Thank you for that warm welcome and thank you for being in person all the people watching on line or listening remotely we say thank you for joining us for the 2024 state of the state. Youve all been thoroughly welcomed this morning but i want to give a special shout out to a few people in the course ive got to start with first Lady Catherine and her family members she spirit their sister julie and her cousin lisa and watching on line to the rest of our rest of our extended families and their sons joe and tom and her daughter jesse and their extended families. When you serve your family serves with you so i want to be sure to at this time thank them for all their support in the seven years in todays a special day because its jesses birthday and so we need on a one, two, three everybody to yell happy birthday jesse. It will be the Largest Group to ever yell her birthday at the same time. One, 23, happy birthday jesse [applause] way to go. You guys did fantast
[applause] [cheers and applause] c oh come on. Good morning. Thank you for that warm welcome and thank you for being in person all the people watching on line or listening remotely we say thank you for joining us for the 2024 state of the state. Youve all been thoroughly welcomed this morning but i want to give a special shout out to a few people in the course ive got to start with first Lady Catherine and her Family Members she spirit their sister julie and her cousin lisa and watching on line to the rest of our rest of our extended families and their sons joe and tom and her daughter jesse and their extended families. When you serve your family serves with you so i want to be sure to at this time thank them for all their support in the seven years in todays a special day because its jesses birthday and so we need on a one, two, three everybody to yell happy birthday jesse. It will be the Largest Group to ever yell her birthday at the same time. One, 23, happy birthday jesse [applause
Highlights rebounding from covid19 and Silicon Valley bank which was under the regulation of the San Francisco Federal Reserve. This is just under an hour. Good morning im director of the hutchens center at brookings i want to welcome everybody and pleased to have mary daily, president of the Federal Reserve bank of San Francisco with us today and mayor daily an economist joined the San Francisco fed in 1996. And she worked on a number of issues labor market dynamics, inequality and throws to be director of research and became president in 2018. Now shes one of 12 reserve Bank President s. And except for new york, the other 11 are sort of considered the same. But mary daily has the distinction her district because we do the lines in 1913 represents fifth of the nations population but unfortunately for her they dont do population waiting when you vote on the f1c. Maybe they should. [laughter] so president i wanted to start by talking a little bit about how do you read the economy right
Mr. Wessel good morning. Im david wessel, director of the Hutchins Center here at brookings. I want to welcome everybody and i am very pleased to have mary daly, the president of the Federal Reserve bank of San Francisco with us today. Mary daly, who is an economist, joined the San Francisco fed in 1996, and she worked on a number of issues, labor market dynamics, income inequality, and rose to be the director of research and became the president in 2018. Now she is one of 12 reserve Bank President s and, except for new york, the other 11 are sort of considered the same. But mary daly has the distinction at her district because we drew the lines in 1913, which represents a fifth of the nations population. But unfortunately for her, they do not do population weighting when you vote on the fomc. Ms. Daly no, but maybe they should. [laughter] mr. Wessel so, president , i wanted to start by talking a little bit about how do you read the economy right today, and there seems to be a sense in
Next time. [applause] our live coverage continues now or three marks from the San Francisco Federal Reserve Bank President mary daly who as an event hosted by the brooking institution. We joined the slide in progress here on cspan. I think my team calls extreme data dependent where i will be watching and looking at people asked me this question, i think it is an important one, common or public data releases will we get before the meeting . If date adjustment public data releases, probably would could. But that is not what we mean by data. We be talking to firms and households and worker groups and community groups. You can do that all the way up to the meeting and then you have the debates and conversation at the meeting, which help us make the best decisions. Besides looking at all the data that comes in and the economist to work for you parsing the different ways to slice and dice inflation and labor market data, how else to go about getting information about what is going on with th