With the new year approaching and a new Trump administration to take office, the Federal Reserve's January policy meeting is already a key topic of discussion.
Federal Reserve Bank of San Francisco CEO and president Mary Daly joins Yahoo Finance executive editor Brian Sozzi on Opening Bid to discuss the Fed's goals and what to expect from the meeting: "We want to make sure inflation continues to come down and that the labor market doesn't falter."
While inflation reports and labor market reports are important economic indicators that will be considered in the Fed's decision making in January, Daly points out that "the published data are only one small source of the information we're getting that helps us make good decisions."
She also plans to spend time in the field “talking to businesses, to unions, to workers, to community leaders asking, what's the lived experience of the economy and what do you think is going to happen.”
In addition to fieldwork, Daly says that asking firms about their hiring plans, layoff plans, and potential for price increases will be another mode of gathering information to be used to inform Fed decisions this January.
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Catch Brian Sozzi's full interview with Mary Daly by clicking here.
This post was written by John Tejada.