Skip to content
Markets

Fed’s Daly Says Rate Peak of 4.75% to 5.25% Is Reasonable Range

  • San Francisco Fed chief: pausing rate hikes is off the table
  • Says recent inflation data has shown some ‘positive signs’
Bloomberg business news
Federal Reserve Hawk Waller Joins Other Peers Open to Half-Point Hike
Updated on

Federal Reserve Bank of San Francisco President Mary Daly said 4.75% to 5.25% was a “reasonable” range for where policymakers could lift interest rates and then go on hold.

“Somewhere between 4.75 and 5.25 seems a reasonable place to think about as we go into the next meeting,” Daly said in a Wednesday interview on CNBC. “And so that does put it in the line of sight that we would get to a point where we would raise and hold.”