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Fed policy is in a good place, Daly says

BY Reuters | ECONOMIC | 02/19/26 05:35 PM EST

Feb 19 (Reuters) - San Francisco Federal Reserve President Mary Daly on Thursday said ?that with the labor ?market in a better place because ?of the Fed's rate cuts ?last year, and ?with inflation ?expected to resume its decline as ?the impact ?of tariffs rolls off, monetary policy is where ?it should be.

"Our ?price ?stability and full employment both seem to be in ?a good place; policy is ?in a good place," Daly said in a live-streamed conversation with former Dallas ?Fed ?President Robert Kaplan. "And ?we have the opportunity now ?to think through what information is coming in, what impact will AI have, how will productivity evolve, how will demand ?strength evolve and how should we manage policy going forward."?

(Reporting ?by Ann ?Saphir; Editing by ?Chris Reese)

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