Steady Through Change: In Policy, Business, and Life

Mary Daly

FRBSF Economic Letter, 2025, vol. 2025, issue 22, 4

Abstract: Moving steadily through change takes intention, commitment to one’s goals, collecting evidence, and deciding. And most of all, it takes a commitment to be willing to repeat the process of anchoring, assessing, and deciding each time a new change comes along. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the Spencer Fox Eccles Convocation at the David Eccles School of Business, University of Utah, Salt Lake City, on September 24.

Date: 2025
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