San Francisco Federal Reserve Bank President: inflation no problem for her

There are 12 Federal Reserve Banks as well as seven governors (Jay Powell currently the chairman) who set monetary policy (things like the fed funds rate); and so are crucial to controlling inflation and unemployment.

Anyway, Mary Daly is the president of the San Francisco Reserve Bank and made a rather unfortunate comment; see below. Especially unfortunate since she comes from a working class family in Missouri whom you wouldn't expect such a comment from. In an interview ...

If you think she may have been taken out of context - I don't know - here's the statement. Daly then expressed empathy for the Americans who have been struggling under inflation

Comments

[the Michelangelo of Melt - SWEAT]

NUKE THE FEDERAL RESERVE !

[the Regent of Rapids - SWEAT]

The smart (uninflated) money says she's probably a Vogue Magazine reader !