Fed’s Daly Sees Rates Rising Above 4.5% Next Year to Cool Prices

Federal Reserve Bank of San Francisco President Mary Daly said she expects the central bank to keep raising its benchmark rate in coming months and holding it there following a fresh inflation reading that she called “very disappointing.”

Daly, speaking Friday in a video interview with Yahoo! Finance, said she’s “very supportive” of continuing to increase rates to restrictive levels.