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Warsh may have ideas for Fed, but economy may require something different, Daly says
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Warsh may have ideas for Fed, but economy may require something different, Daly says
Apr 17, 2026 9:56 AM

April 17 (Reuters) - San Francisco Federal Reserve President Mary Daly on Friday said that while Federal Reserve chair nominee Kevin Warsh will come into the job with plans for the central bank, in the end -- like each Fed chair back to Paul Volcker -- he will need to respond to whatever surprises the economy delivers. 

"He'll come in with an idea of what he would like to think about and do," Daly said at the UC Berkeley's Fisher Center for Real Estate & Urban Economics' Spring 2026 Policy Advisory Board meeting. "And then the economy will deliver what we actually work on, and that will be the journey of every Fed chair and all the Fed policymakers and all the Fed employees." 

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