San Francisco Fed President DALY said Wednesday the Fed may need to raise short-term rates further to curb elevated inflation, but she does not see a need to act at the Oct. 27-28 FOMC meeting. She said further adjustments are likely, but the timing is still under consideration and there is no need to rush decisions with limited incoming data.

2026-10-15

San Francisco Fed President DALY said Wednesday the Fed may need to raise short-term rates further to curb elevated inflation, but she does not see a need to act at the Oct. 27-28 FOMC meeting. She said further adjustments are likely, but the timing is still under consideration and there is no need to rush decisions with limited incoming data.