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SAN FRANCISCO FED PRESIDENT AND CEO, MARY C. DALY

WASHINGTON POST:  Financial Panic

This past week, the president of the Federal Reserve Bank of San Francisco, Mary Daly, said something similar, calling the swell of mutterings about inflation “the tug of fear.” In a speech to the Economic Club of New York on Tuesday, she described it as “the reaction to a memory of high and rising inflation . . . and a Federal Reserve that once fell behind the policy curve.”


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