Fed's Daly: Economic conditions merit gradual normalization of monetary policy

 Below are some key takeaways from San Francisco Fed President Mary Daly remarks delivered to a regional economic development group in Dallas, Texas.

• U.S. economic expansion seems 'destined' to become longest on record.
• Labor market is booming, United States at or beyond full employment.
• Sees inflation rising to a bit above 2 pct over the next year.
• Economic conditions merit gradual normalization of monetary policy.
• Fed rate hikes not on autopilot.
• Sees upside potential for U.S. workforce participation, cites parental leave policies.