Friday, November 21, 2025
HomeEconomicsWhy Everything is Still Expensive: A Fed President Explains

Why Everything is Still Expensive: A Fed President Explains

​I had questions. A lot of them. So I sat down with someone who might have answers – Mary Daly, President and CEO of the San Francisco Fed. She’s one of the people actually making the decisions that affect your money.
Five big things I wanted to understand:

Why everything still feels so expensive
What’s really happening with jobs
Why Wall Street and Main Street feel like different planets
How the Fed makes these massive decisions
Whether they can actually fix this

Transcript: https://docs.google.com/document/d/1Q5P3_94yZFxlkcRJ8Jx87ig-N6L-vlDMGFdcZjGpLgw/edit?usp=sharing

00:00 Intro
02:10 Some History
07:30 Price Stability
10:33 The Fed Test
11:05 The Price Problem
18:47 The Labor Market
22:52 The Path Forward

Sources
https://www.youtube.com/watch?v=laSqNpmCeQk
https://www.youtube.com/watch?v=SxTnOWDw31s
https://www.youtube.com/watch?v=mL-OaWx9LrM
https://www.youtube.com/watch?v=wLyh5fSTLLw
https://www.youtube.com/watch?v=M7nj2X-yl_U&t=12s
https://www.youtube.com/watch?v=rVDE5Q74EhM&t=253s
https://www.youtube.com/watch?v=512mhHUoJgk
https://www.youtube.com/watch?v=jheesQ8ot3g
https://www.youtube.com/watch?v=8b03af6b670
https://www.youtube.com/watch?v=dTivWJvGYtI
https://www.youtube.com/watch?v=kuNCfkDtPNk

📚 Want to learn more? Check out:
Newsletter: kyla.substack.com
Book: “In This Economy?”
Podcast: Let’s Appreciate

🔗 Follow for daily economic insights:
TikTok: @kylascan
Instagram: @kylascan
LinkedIn: @kylascan

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video. ​Read More

Kyla Scanlon
I am Kyla Scanlon. I am an author, economic commentator, and educator focused on making sense of how people experience the economy. I am the founder of Bread, a financial education company that uses storytelling, humor, and analysis to explain markets and policy to millions across platforms. My work has been featured in The New York Times, The Atlantic, The Financial Times, Bloomberg, and many other outlets.
RELATED ARTICLES

Most Popular