TLT•San Francisco Fed President Mary Daly said further rate increases are likely needed to bring inflation down, while the timing and amount remain unclear. She described the repricing of technology stocks as “painful” but orderly.
Daly said she expects the Fed will need to tighten policy further to lower inflation, but that the timing and amount are not yet clear. She said volatility calls for gathering more information and proceeding deliberately and more gradually. Daly also called the repricing of technology stocks “painful” but orderly as investors reassess risks to AI-driven demand growth.
