Interest Rates Likely to Be Raised ‘a Couple’ More Times This Year: Fed Official

Interest Rates Likely to Be Raised ‘a Couple’ More Times This Year: Fed Official
San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco on, July 16, 2019. Ann Saphir/Reuters
Andrew Moran
Updated:
0:00

Interest rates are likely to be raised “a couple” more times this year as inflation is still far too high, the head of the Federal Reserve Bank of San Francisco says.

While price pressures are slowing, San Francisco Fed President Mary Daly says the central bank needs to continue raising interest rates, a policy decision that requires a balancing act amid a plethora of challenges, such as the national economy or banking stresses.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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