What is happening to the economy right now, according the SF Fed President

"President of the San Francisco Fed Mary Daly gives an exclusive, firsthand look into the central bank's daily decision-making, explaining how the Fed's policies, at both the regional and national level, ripple through society. From housing prices to immigration's impact on labor, Daly weighs the major factors shaping the U.S. economy. As political and market pressures mount, she reflects on what it means to lead with discipline and data, and what every business leader can learn from the Fed's balancing act."

"You run one of the Fed's 12 regional banks. Your district covers nine Western states, plus Guam, American Samoa, The Mariana Islands. Can you briefly describe the role of your office, and how it relates to the Fed overall? When we hear Fed Chair Jerome Powell announcing a change in interest rates, are you feeding into that? How does all this work?"

The San Francisco Federal Reserve Bank oversees a district that includes nine Western states and Pacific territories, connecting regional data to national monetary policy. Regional and national policy choices shape housing prices, labor supply effects from immigration, and overall economic conditions. Interest-rate decisions combine input from regional banks and emphasize discipline, data, and balancing competing indicators. Political and market pressures attempt influence, while the Fed's funding structure maintains operational independence from federal shutdowns. Business leaders can adopt the Fed's approach of rigorous data use and measured balancing to navigate economic inflection points and uncertainty.

Read at Fast Company