On Thursday, the Axios Macro team spoke with Mary Daly, president of the Federal Reserve Bank of San Francisco, about a wide range of topics. Here are some lightly edited highlights from the interview. On the interest rate path ahead and what might change her views on the need for rate increases: • "My own views on policy… are that we need to get to something like the neutral rate of interest by the end of the year, which in my judgment would be to around the 3.1% range of a nominal Fed funds rate." • "And so what would unwind the need to do that? Well, if there were some extraordinary, unexpected ... (full story)