Fed’s Daly Says More Rate Increases Likely Needed to Tame Prices

In a recent statement, Federal Reserve Bank of San Francisco President Mary Daly indicated that additional interest rate hikes may be necessary to control inflation. While acknowledging the need for further increases, Daly emphasized that it's premature to determine the exact extent of these hikes. This insight underscores the ongoing challenges the Fed faces in managing economic inflation, highlighting the delicate balance between curbing price increases and avoiding economic slowdown. For more details, check out the full article on Bloomberg.