Fed’s Daly Says Rate Increases Likely as Inflation Worsens
San Francisco Fed President Mary Daly said her bias is that the central bank will need to raise its policy rate, citing services inflation moving in the wrong direction and signs of persistence.
By Ann SaphirSan Francisco Federal Reserve President Mary Daly said on Friday that her "bias" is that the central bank will need to increase its policy rate, particularly with services inflation moving in the wrong direction and some signs of inflation persistence."We're going to need to, in all li…