Mary C. Daly facts for kids
Quick facts for kids
Mary C. Daly
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| 13th President of the Federal Reserve Bank of San Francisco | |
| Assumed office October 1, 2018 |
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| Preceded by | John C. Williams |
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| Born | 1962/1963 (age 62–63) Ballwin, Missouri, U.S. |
| Education | University of Missouri, Kansas City (BA) University of Illinois, Urbana-Champaign (MA) Syracuse University (PhD) |
Mary Colleen Daly is an important American economist. She became the 13th President and chief executive officer of the Federal Reserve Bank of San Francisco on October 1, 2018. The Federal Reserve is like the central bank of the United States. It helps keep our economy stable.
As President, Mary Daly helps make big decisions about money and jobs. She also serves on the Federal Reserve's Federal Open Market Committee. This group decides on interest rates, which affect how much it costs to borrow money. Before becoming President, she was a top researcher at the San Francisco Fed. Her work helps us understand how the economy affects people's jobs and money.
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Mary Daly's Early Life and Education
Mary Daly was born in Ballwin, Missouri. Her family faced some tough times when she was young. At age 15, she left high school and started living on her own. She worked at places like doughnut shops and retailer Target to support herself.
Even with these challenges, Mary Daly was determined to learn. She earned a GED, which is like a high school diploma. Then, she went to college. She earned a bachelor's degree in economics and philosophy from the University of Missouri-Kansas City in 1985.
She continued her studies, earning a master's degree from the University of Illinois Urbana-Champaign in 1987. Later, she received her Ph.D. in economics from Syracuse University in 1994. She also completed special research at Northwestern University before starting her career.
Mary Daly's Career Journey
In 1996, Mary Daly joined the San Francisco Fed as a research economist. She worked hard and moved up in the research department. By 2017, she became the Executive Vice President and Director of Research. Her studies focused on how people find jobs and how government money policies affect everyone.
Mary Daly looks up to Janet Yellen, another famous economist. Janet Yellen was once the President of the San Francisco Fed. She later became the head of the entire Federal Reserve System. Mary Daly says her career really took off after working with Janet Yellen.
On October 1, 2018, Mary Daly became the President of the Federal Reserve Bank of San Francisco. She took over from John C. Williams. He moved to lead the Federal Reserve Bank of New York.
Other Activities
In May 2019, Mary Daly gave a speech at the graduation ceremony for Syracuse University. This was a special moment for her, as she had earned her Ph.D. from that university.
Mary Daly's Personal Life
Mary Daly is married and lives in the San Francisco Bay area. She is the second woman to lead the San Francisco Fed. She is also the first openly gay woman to lead a regional Federal Reserve bank. This makes her a pioneer in the field.
See also
