Economics
San Francisco Fed Pick’s Research, From Wages to Growth
- Mary Daly research focuses on labor, public policy, diversity
- Her recent work suggests wage growth is better than it looks
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Mary Daly will become Federal Reserve Bank of San Francisco President on Oct. 1, bringing with her decades of experience researching job markets and public policy.
That could make Daly, whose promotion was announced Friday, an important voice as the Federal Open Market Committee assesses how hot today’s labor market is running and what risks that might pose. Daly’s research has influenced policy makers before (former Chair Janet Yellen used to quote her wage studies), and her CV hosts papers that zero in on workforce-relevant issues including inequality, education and economic mobility.