Warsh may have ideas for Fed, but economy may require something different, Daly says

Kitco Media
By Reuters
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Reuters
Warsh may have ideas for Fed, but economy may require something different, Daly says teaser image

April 17 (Reuters) - San Francisco Federal Reserve President Mary Daly on ​Friday said that while Federal ‌Reserve chair nominee Kevin Warsh will come into the job with ​plans for the central ​bank, in the end -- like ⁠each Fed chair back ​to Paul Volcker -- he will need ​to respond to whatever surprises the economy delivers.

"He'll come in with ​an idea of what he ​would like to think about and ‌do," ⁠Daly said at the UC Berkeley’s Fisher Center for Real Estate & Urban Economics’ Spring 2026 ​Policy ​Advisory Board ⁠meeting. "And then the economy will deliver what ​we actually work on, ​and ⁠that will be the journey of every Fed chair and ⁠all ​the Fed policymakers ​and all the Fed employees."

Reporting by Ann ​Saphir, Editing by Franklin Paul

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