Daly Says Fed Has Time to Calibrate Further Rate Hikes
San Francisco Fed President Mary Daly said further tightening will likely be needed to address elevated inflation, but the Fed need not hurry.
By Ann SaphirThe Federal Reserve will likely need to raise interest rates further to deal with elevated inflation, San Francisco Fed President Mary Daly said on Thursday, without suggesting it should be in a hurry about it."My bias is that further tightening will be needed," Daly said at the Stanfo…