Transcript: San Francisco Fed President Mary Daly Discusses the Economic Outlook

Federal Reserve Bank of San Francisco President Mary Daly discussed the outlook for inflation and her views about how much the Fed should raise interest rates at its March 21-22 policy meeting, during a conference call with reporters on Saturday, March 4. Here is a transcript of the call, lightly edited for clarity.

CATARINA SARAIVA, Bloomberg News: President Daly, thanks so much for taking our questions. I just wanted to kind of get your thinking around the upcoming [Federal Open Market Committee] meeting, just how you’re...