According to a report from ChainCatcher citing Jin10, Federal Reserve official Mary Daly stated that the current stance of monetary policy is in a good place, yet the high degree of economic uncertainty makes the direction of interest rates difficult to determine. She explained that providing forward guidance at this stage is not appropriate because the incoming data have not yet offered a clear direction. Daly particularly emphasized concern over inflation, noting that rising energy and food prices are among the most troubling issues and could put pressure on household budgets.
When the conversation turned to technology, Daly touched on artificial intelligence. She acknowledged that there is still no concrete evidence proving AI has significantly boosted productivity, but personally remains optimistic about the technology's potential. She forecast that 2027 will be a pivotal year when AI applications mature and begin to show a measurable economic impact. While she places high hopes on AI, Daly did not suggest that the technology would alter monetary policy considerations any time soon.
Daly's remarks reflect a cautious assessment inside the Fed, with policymakers preferring to keep the policy steady and avoid sending premature interest rate signals until inflation is clearly under control.