Federal Reserve Bank of San Francisco President Mary Daly discussed her outlook for the economy, inflation, wages and interest rates in an interview at a live Wall Street Journal event Monday. Here is a transcript lightly edited for clarity.

NICK TIMIRAOS: Hello and welcome back to WSJ Live Q&A. I’m Nick Timiraos, reporter for The Wall Street Journal. I’m very happy to be joined today by Mary Daly, president of the Federal Reserve Bank of San Francisco. Mary, thank you so much for joining us.

This post first appeared on wsj.com

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