The Zhitong Finance App learned that the 2027 FOMC voting committee and San Francisco Federal Reserve Chairman Mary Daly said on Friday that she expects the Fed to raise interest rates further, but like other policymakers, she believes the pace and timing of the rate hike is still uncertain. Daly said, “My expectation is that we will have to tighten our policies even more. Exactly when and how much to raise interest rates remains to be decided because we have to consider all relevant factors.” “More tightening may be necessary, of course... if the economic situation requires it, I am prepared to do it,” she said.
Zhitongcaijing · 2d ago
Share
Listen to the news
The Zhitong Finance App learned that the 2027 FOMC voting committee and San Francisco Federal Reserve Chairman Mary Daly said on Friday that she expects the Fed to raise interest rates further, but like other policymakers, she believes the pace and timing of the rate hike is still uncertain. Daly said, “My expectation is that we will have to tighten our policies even more. Exactly when and how much to raise interest rates remains to be decided because we have to consider all relevant factors.” “More tightening may be necessary, of course... if the economic situation requires it, I am prepared to do it,” she said.
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending