{video} The following is a transcript of an interview with Mary Daly, the president and CEO of the Federal Reserve Bank of San Francisco, that aired Sunday, Aug. 7, 2022, on "Face the Nation." Margaret Brennan: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you. Federal Reserve Bank of San Francisco President Mary Daly: Good morning. Margaret Brennan: The San Francisco Fed said fiscal spending during the entirety of the pandemic, all the congressional funding contributed 3%- a 3% hike in inflation. Do you expect the ... (full story)