Daly said Fed policy is currently in a good place but the economic outlook is
too uncertain to signal a clear path for rates, so providing forward guidance is
inappropriate. She identified inflation—driven by rising energy and food
prices—as the Fed's primary concern and said returning inflation to target is
the top priority. Daly said current data do not show clear productivity gains
from AI, but she is optimistic and views 2027 as a potential litmus test; she
sees no financial-stability risks from AI-related investment.
