Fed’s Daly Supported Rate Decision, Warns of Inflation Risks

Federal Reserve Bank of San Francisco President Mary Daly said she supported the central bank’s decision to keep interest rates on hold last week, but warned of the possibility that high inflation is a broader problem that could require more aggressive action from policymakers.

Federal Reserve Bank of San Francisco President Mary Daly said she supported the central bank’s decision to keep interest rates on hold last week, but warned of the possibility that high inflation is a broader problem that could require more aggressive action from policymakers.