Fed’s Daly: Need More ‘Urgency’ on Policy Tightening

Fed’s Daly: Need More ‘Urgency’ on Policy Tightening
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, on July 16, 2019. Ann Saphir/Reuters
Reuters
Updated:

San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she expects the U.S. central bank will need to raise rates at least four times this year, and likely more, to stop high inflation from getting worse.

“There is broad agreement that inflation is too high and the policy rate is too low,” Daly said at the Los Angeles World Affairs Council & Town Hall.