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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’
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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.”