Fed policy is in a good place, Daly says

Feb 19 (Reuters) - San Francisco Federal Reserve President Mary Daly ‌on Thursday said that ‌with the labor market in a better ​place because of the Fed's rate cuts last year, and with inflation expected to resume its ‌decline as ⁠the impact of tariffs rolls off, monetary policy ⁠is where it should be.

"Our price stability and full employment ​both seem ​to be ​in a good ‌place; policy is in a good place," Daly said in a live-streamed conversation with former Dallas Fed President Robert Kaplan. "And we ‌have the opportunity ​now to think through ​what ​information is coming in, ‌what impact will AI ​have, how ​will productivity evolve, how will demand strength evolve and ​how should ‌we manage policy going forward."

(Reporting ​by Ann Saphir; Editing ​by Chris Reese)