Fed's Daly says rate hikes likely needed, but not urgently
TLT•Federal Reserve Bank of San Francisco President Mary Daly said further rate increases are more likely than not, but she sees no urgency to decide at the October 27-28 meeting.
1. Daly weighs further hikes
Mary Daly said the Federal Reserve will probably need to raise short-term interest rates further to rein in high inflation, but she does not feel an urgent need to decide at the October 27-28 meeting. She said the timing of additional adjustments remains under deliberation and the Fed has time to consider more information.
