Central Banks
Fed’s Daly Says a ‘Couple More’ Rate Hikes Appropriate in 2023
- Daly says data have come in surprisingly strong this year
- San Francisco Fed chief says future moves depend on data
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Federal Reserve Bank of San Francisco President Mary Daly said the US central bank will likely need to raise interest rates a couple more times to return inflation to its goal.
“We’re likely to need a couple more rate hikes over the course of this year to really bring inflation back into a path that’s along a sustainable 2% path,” she said Monday at the Brookings Institution in Washington.