Fed’s Daly signals further policy tightening amid inflation concerns
Photo: Crypto Briefing
San Francisco Fed President Mary Daly stated that the Federal Reserve will need to tighten policy further, indicating a potential increase in interest rates. Daly’s comments arrive amid ongoing discussions about the Federal Reserve’s monetary policy stance, with the current policy rate set between 3.75% and 4.00%. Market participants have been observing these developments closely, as U.S. consumer price inflation remains above the Fed’s target, reaching 3.7% year-over-year in September. Daly, while not a voting member of the Federal Open Market Committee (FOMC) this year, has consistently suggested the possibility of additional rate hikes.
Source: Crypto Briefing
