Fed Daly Signals Further Rate Hikes Needed
Federal Reserve Bank of San Francisco President Mary Daly stated that the central bank will likely need to raise interest rates further to reduce inflation. She acknowledged the recent repricing in technology stocks while emphasizing preparedness to tighten policy if economic conditions require it.
Federal Reserve Bank of San Francisco President Mary Daly stated on Friday that the central bank will likely need to raise interest rates further to cool inflation. The remarks followed a sharp repricing across technology shares as investors reevaluate AI-driven demand expectations. Policymakers must remain deliberate as economic volatility persists.
