Fed official Mary Daly says rates will likely rise, not urgently
Mary Daly, president of the San Francisco Fed's regional branch, told Reuters that policymakers will probably need to lift borrowing costs again, though she sees no immediate pressure to act.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
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What happened
Mary Daly, president of the San Francisco Federal Reserve Bank, told Reuters that the Fed will likely need to raise short-term interest rates further. She said the moves are not urgent.
Why it matters
Short-term interest rates could rise further, with no immediate deadline.
Coverage
- Exclusive-Fed's Daly says rate hikes likely needed, but not urgently (Lufkin Daily News)
- San Francisco Federal Reserve Bank President Mary Daly during an interview with Reuters (galvnews.com)
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