Since the Global Financial Crisis, central banks have made significant changes to their monetary policy operating frameworks. Notably, the Federal Reserve and other central banks have expanded their balance sheets, altered their reserves regimes, and adopted new tools to set their policy rates. President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly, discusses the costs and benefits of conducting policy under different regimes.
About the Speaker:
As President of the San Francisco Fed, Ms. Daly serves the Twelfth Federal Reserve District in setting monetary policy. Prior to her current role, she was the executive vice president and director of research at the San Francisco Fed, which she joined in 1996.
Ms. Daly has served as an advisor to the Congressional Budget Office, the Social Security Administration, the Institute of Medicine and the Library of Congress. She has also been a visiting professor at Cornell University and the University of California, Davis. Ms. Daly holds a Ph.D. in economics from Syracuse University, an M.S. degree from the University of Illinois at Urbana-Champaign, and a B.A. from the University of Missouri-Kansas City.
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Since the Global Financial Crisis, central banks have made significant changes to their monetary policy operating frameworks. Notably, the Federal Reserve and other central banks have expanded their balance sheets, altered their reserves regimes, and adopted new tools to set their policy rates. President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly, discusses the costs and benefits of conducting policy under different regimes.
About the Speaker:
As President of the San Francisco Fed, Ms. Daly serves the Twelfth Federal Reserve District in setting monetary policy. Prior to her current role, she was the executive vice president and director of research at the San Francisco Fed, which she joined in 1996.
Ms. Daly has served as an advisor to the Congressional Budget Office, the Social Security Administration, the Institute of Medicine and the Library of Congress. She has also been a visiting professor at Cornell University and the University of California, Davis. Ms. Daly holds a Ph.D. in economics from Syracuse University, an M.S. degree from the University of Illinois at Urbana-Champaign, and a B.A. from the University of Missouri-Kansas City.
In her speech to the IIEA, Kata Tüttő, President of the European Commission of the Regions, addresses the European Commission’s proposal for the next EU budget (2028-2034). She argues that the proposals represent an unprecedented attempt to centralise and nationalise EU policies, weakening the role of regions and cities in the European project. Whilst recognizing the emerging challenges of security and competitiveness, President Tüttő speaks about how regional and local leaders can mobilise to promote Europe’s growth model by ensuring that local and regional authorities play a full and inclusive role.
Speaker bio:
Kata Tüttő is a Hungarian politician, economist, and public servant with over two decades of experience in local government, European policy-making, and urban sustainability. As of February 2025, she serves as president of the European Committee of the Regions (CoR), which represents local and regional governments from across Europe. At the same time, she remains a member of the Budapest City Council. Previously, Ms Tüttő served as the deputy mayor of Budapest from 2019-2024, overseeing climate adaptation, waste and water management, public transport, and utility services. She played a crucial role in making Budapest more sustainable and resilient, advocating for green investments and inclusive urban development.
IIEA Talks
Since the Global Financial Crisis, central banks have made significant changes to their monetary policy operating frameworks. Notably, the Federal Reserve and other central banks have expanded their balance sheets, altered their reserves regimes, and adopted new tools to set their policy rates. President and CEO of the Federal Reserve Bank of San Francisco, Mary C. Daly, discusses the costs and benefits of conducting policy under different regimes.
About the Speaker:
As President of the San Francisco Fed, Ms. Daly serves the Twelfth Federal Reserve District in setting monetary policy. Prior to her current role, she was the executive vice president and director of research at the San Francisco Fed, which she joined in 1996.
Ms. Daly has served as an advisor to the Congressional Budget Office, the Social Security Administration, the Institute of Medicine and the Library of Congress. She has also been a visiting professor at Cornell University and the University of California, Davis. Ms. Daly holds a Ph.D. in economics from Syracuse University, an M.S. degree from the University of Illinois at Urbana-Champaign, and a B.A. from the University of Missouri-Kansas City.
