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Federal Reserve Official Says Current Economic Policy is On Track

Thursday, February 19, 2026 at 6:18 PM

A top Federal Reserve official expressed confidence Thursday that the central bank's current approach is working well. San Francisco Fed President Mary Daly pointed to improvements in employment and expectations that inflation will continue declining.

A senior Federal Reserve official expressed optimism Thursday about the current state of the nation’s monetary policy, saying recent interest rate reductions have helped strengthen employment conditions.

Mary Daly, who leads the San Francisco Federal Reserve, indicated during a Thursday discussion that the central bank’s strategy appears to be working effectively. She noted that job market conditions have improved following last year’s rate reductions, while inflation is anticipated to continue moving downward as tariff effects fade.

“Our price stability and full employment both seem to be in a good place; policy is in a good place,” Daly stated during her streamed discussion with Robert Kaplan, who previously headed the Dallas Fed. “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.”

The comments came as Federal Reserve officials continue monitoring economic indicators to guide future policy decisions.

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