B · Normal
[San Francisco Fed President Mary Daly said that further interest rate increases may be needed to curb inflation] On November 13, San Francisco Fed President Mary Daly said that further interest rate increases may be needed to reduce inflation, and said that more and more companies are considering raising prices. "I tend to think that further tightening is needed because you see continued pressure on inflation, and that pressure isn't just in the sectors that are most directly affected by tariffs or oil prices," Daly said Thursday at the Stanford Institute for Economic Policy Research in California. She said she was hearing more and more from businesses saying they needed to pass on higher input costs to consumers.
Comments