Search Results

(refine search)

SORT BY: PREVIOUS / NEXT

All:
Title:
Author:
Abstract:
Keywords:

+ Add Search Parameter

Journal Article
Forward-Looking Policy in a Real-Time World
Daly, Mary C. (2023-03-09)
Restoring price stability is a key part of the Fed’s mandate, and it is what the American people expect. Achieving it will take time and a broad view of economic conditions. Policymakers have to respond to an economy that is evolving in real time and prepare for what the economy will look like in the future. The following is adapted from remarks by the president of the Federal Reserve Bank of San Francisco to Griswold Center for Economic Policy Studies at Princeton University on March 4.
FRBSF Economic Letter , Volume 2023 , Issue 08 , Pages 8

Speech
The New Stone Soup
Daly, Mary C. (2020-02-10)
Remarks at the Iveagh House Lecture, Dublin, Ireland, by Mary C. Daly, President and CEO, Federal Reserve Bank of San Francisco, February 10, 2020.
Speech

Journal Article
The New Stone Soup
Daly, Mary C. (2020-02-18)
Countries around the globe face slow growth, low real interest rates, and persistently low inflation. This makes economies less resilient and less able to offset everyday shocks with traditional tools. Policymakers must actively look for outside perspectives and be courageous enough to take action in times of uncertainty. The following is adapted from a speech by the president and CEO of the Federal Reserve Bank of San Francisco delivered as part of the Iveagh House Lectures at the Irish Department of Foreign Affairs and Trade in Dublin on February 10.
FRBSF Economic Letter , Volume 2020 , Issue 04 , Pages 07

Working Paper
Retail CBDC and U.S. Monetary Policy Implementation: A Stylized Balance Sheet Analysis
Malloy, Matthew; Martinez, Francis; Styczynski, Mary-Frances; Thorp, Alex (2022-05-31)
This paper discusses how a Federal Reserve issued retail central bank digital currency (CBDC) could affect U.S. monetary policy implementation. Using a stylized balance sheet analysis, we analyze the effect a retail CBDC could have on the balance sheets of the Federal Reserve, commercial banks, and U.S. households. Then we consider how these balance sheet changes could affect monetary policy implementation for the Federal Reserve. We illustrate that the potential effects on monetary policy implementation from a retail CBDC are highly dependent on the initial conditions of the Federal ...
Finance and Economics Discussion Series , Paper 2022-032

Briefing
Assessing the Case for Retail CBDCs: Central Banks’ Considerations
Hayashi, Fumiko; Toh, Ying Lei (2022-05-26)
Many central banks around the world have been researching, experimenting, or developing central bank digital currencies (CBDCs). Although central banks in several emerging markets and developing economies have implemented or plan to implement a general-purpose, or retail, CBDC to promote financial inclusion and improve their payment systems, central banks in many advanced economies have not yet found a compelling case for a retail CBDC.
Payments System Research Briefing , Issue May 26, 2022 , Pages 7

Working Paper
Foreign Reserve Management and U.S. Money Market Liquidity: A Cost of Exorbitant Privilege
Alquist, Ron; Kahn, Robert Jay; Dilts Stedman, Karlye (2022-09-02)
We show theoretically and empirically that the dollar’s status as the global reserve currencycan lead to economically significant changes in U.S. money market liquidity. We develop amodel in which U.S. money market spreads respond to foreign central banks’ exchange-ratemanagement decisions. Foreign central banks remove liquidity from U.S. money markets andcause spreads to widen by selling Treasuries to supply liquidity to their financial systems.Our analysis focuses on the major oil exporting countries with fixed exchange rates becausetheir foreign-exchange market interventions are ...
Research Working Paper , Paper RWP 22-08

Journal Article
Landing Softly Is Just the Beginning
Daly, Mary C. (2024-10-21)
The economy has significantly improved from just two years ago. Inflation has fallen substantially, and the labor market has returned to a more sustainable path. A soft landing is achievable, and the Fed is resolute to finish the job. But looking ahead, we should strive for a durable and sustained expansion that helps all Americans. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the New York University Stern School of Business in New York City on October 15.
FRBSF Economic Letter , Volume 2024 , Issue 28 , Pages 6

Speech
Dynamic Central Bank Communication
Daly, Mary C. (2022-06-22)
Speech to the Western Economic Association International Annual Conference, San Francisco, California, June 22, 2025, by Mary C. Daly, President and Chief Executive Officer, Federal Reserve Bank of San Francisco.
Speech

Discussion Paper
Which Dealers Borrowed from the Fed’s Lender-of-Last-Resort Facilities?
Hrung, Warren B.; Fleming, Michael J.; Sarkar, Asani; Acharya, Viral V. (2017-05-10)
During the 2007-08 financial crisis, the Fed established lending facilities designed to improve market functioning by providing liquidity to nondepository financial institutions—the first lending targeted to this group since the 1930s. What was the financial condition of the dealers that borrowed from these facilities? Were they healthy institutions behaving opportunistically or were they genuinely distressed? In published research, we find that dealers in a weaker financial condition were more likely to participate than healthier ones and tended to borrow more. Our findings reinforce the ...
Liberty Street Economics , Paper 20170510

Speech
Price Stability Built to Last
Daly, Mary C. (2024-02-16)
Speech

show more (2)

show more (26)

PREVIOUS / NEXT

Fed in Print

Search Results

FILTER BY year

FILTER BY Bank

FILTER BY Series

FILTER BY Content Type

FILTER BY Author

FILTER BY Jel Classification

FILTER BY Keywords