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Investing.com -- Mary C. Daly, the President and CEO of the San Francisco Federal Reserve, participated in an economic forecast panel today. Daly stated that the U.S. Federal Reserve is committed to achieving a 2% inflation target, a goal that has not yet been fully realized.
Daly expressed a positive outlook on the current state of the economy, describing it as being "in a very good place". She also noted the continued momentum in the economy, despite some prevailing uncertainties.
In her remarks, Daly emphasized the Federal Reserve’s ability to take its time to examine data and consider policy changes. She stated that the Federal Reserve is in a strong position to adopt a "wait and see" approach.
Business contacts, according to Daly, are feeling optimistic. She also highlighted the bullish sentiment among businesses about the potential of artificial intelligence (AI) to enhance productivity.
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