Key facts
- Fed's Mary Daly: AI stocks won't change rate policy.
- Fed decisions based on broad economic data, not sector trends.
San Francisco Federal Reserve President Mary Daly delivered a clear message to investors focused on the surge in artificial intelligence stocks, stating that the central bank's interest rate policy will not be swayed by sector-specific trends. Daly emphasized that the Federal Reserve's monetary policy decisions are guided by comprehensive economic data, rather than the performance of individual market segments like AI stocks. This suggests that the Fed will maintain its data-dependent approach, focusing on inflation, employment, and overall economic growth when determining future rate adjustments.