Fed’s Daly Says More Hikes Coming, With Extent Dependent on Data

Federal Reserve Bank of San Francisco President Mary Daly said US central bankers will likely continue to raise interest rates this year, though by how much will depend on incoming data.

“Our No. 1 priority is to get inflation down,” Daly said Friday in an interview with Newsy. “I do believe we will take additional rate hikes, I just think that’s the right thing to do to bring the economy back in balance.”