1408 ET - San Francisco Federal Reserve President Mary Daly says fallout from an energy shock is more likely to show up in inflation than in growth. Because the U.S. is less energy-dependent, the impact is more evident in prices as consumers pay more at the pump. Still, she worries potential for a longer shock may chip away at consumers' disposable income and lead to slower demand. "Being in a wait-and-see-the-data mode-and wait and see how the conflict resolves-is a really nice place to be," she says regarding the policy outlook at UC Berkeley's Fisher Center for Real Estate & Urban Economics' Spring 2026 Policy Advisory Board meeting. (jessica.coacci@wsj.com)
(END) Dow Jones Newswires
April 17, 2026 14:09 ET (18:09 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments