(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Thursday reiterated that rate hikes will be essential to bring down high inflation in the United States.
Daly has previously said she believes two more rate hikes will likely be needed this year.
Daly wants to start heading towards a neutral rate as the U.S. approaches the Fed’s 2% goal on inflation, Daly said on the CNBC interview.
U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years as inflation subsided further. The consumer price index increased 0.2% last month.
“It’s too early to say we have declared victory on inflation”, Daly added.
Discover behavioral finance strategies and pro tips to smarter investing. Elevate your financial decision-making today.
Explore the world of stock market anomalies and unlock their potential to boost your investment…
Discover expert tips on asset allocation strategies to maximize returns & minimize risks. Learn the…
Kaiser Permanente and labor unions reached a tentative agreement to resolve a contentious contract dispute…
Oct. 12, 2023 11:34 am ETAirlines have suspended flights into Israel en masse, leaving people…
Listen to article(2 minutes)In early 2019, an analyst asked Disney Chief Executive Bob Iger if…