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Daly: A New Balancing Act: Monetary Policy Tradeoffs in a Changing World
Good morning, and thank you for the opportunity to participate in this conference. This is my first trip to New Zealand, and I’ve thoroughly enjoyed touring about. I had the double bonus of seeing our good friends from California – New Zealanders actually – who returned home to Christchurch about four years ago. In my travels so far, I can see why New Zealand is on everyone’s bucket list! I’m also delighted to be here in my capacity as president and CEO of the Federal Reserve Bank of San Francisco – and to help mark the 30th anniversary of New Zealand’s commitment to an explicit inflation-targeting ... (full story)