Fed policy is in a good place, Daly says

Feb 19 (Reuters) - San Francisco Federal Reserve President Mary Daly on Thursday said that with the labor market in a better place because of the Fed's rate cuts last year, and with inflation expected to resume its decline as the impact of tariffs rolls off, monetary policy is where it should be.

"Our price stability and full employment both seem to be in a good place; policy is in a good place," Daly said in a live-streamed conversation with former Dallas Fed President Robert Kaplan. "And we have the opportunity now to think through what information is coming in, what impact will AI have, how will productivity evolve, how will demand strength evolve and how should we manage policy going forward."