Mary Daly, Interview: National Association for Business Economics/Banque de France International Economic Symposium

“Optimal policy…is about extreme data dependence and policy optionality.”

The monetary policy tightening “could start to show through at any point in time. And when you add the credit tightening that we’ve been seeing to that, it means that there’s a lot of factors pulling back the reins on the economy … That’s why we have to be so critically data dependent because if we think it’s not here yet and then we tighten too much, we could easily create an unforced air where we’ve over tightened,”

The National Association of Business Economics symposium will explore the critical challenges, emerging trends, and diverse factors shaping the United States and European economies in 2023 and beyond, and the implications these currents have for US and European businesses.”