Business · Economy · 12 hrs ago
Fed’s Mary Daly Says More Rate Increases May Be Needed to Tame Inflation
Mary Daly says the US may need more interest-rate increases to bring inflation down.
Daly is president of the Federal Reserve Bank of San Francisco, part of the US central bank.
Inflation remains high, but Daly said it is too soon to know how much further rates might rise or when.
She said policymakers need more information and should move cautiously and gradually amid economic uncertainty.
Further tightening may be needed if the economy requires it, she said.
Daly also described a repricing of technology shares as painful but orderly, as investors reassess risks linked to demand for artificial intelligence.
The Fed will weigh new information as it decides how to proceed.
San Francisco Fed President Mary Daly said the Federal Reserve may need to raise interest rates further to bring inflation under control.
She said inflation remains high and prices are still rising.
Daly said it is too soon to know the timing or size of any further rate increases.
She called for a cautious, gradual approach amid economic uncertainty.
She described repricing in technology stocks linked to artificial intelligence as orderly so far.
- Who
- Mary Daly, president of the Federal Reserve Bank of San Francisco.
- What
- She said further interest-rate increases may be needed to control inflation.
- When
- Friday, November 6, 2026.
- Where
- In an interview with CNBC. The location was not stated.
- Why
- Inflation remains high and prices are still rising.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Speaker
- Mary Daly
- Institution
- Federal Reserve Bank of San Francisco
- Potential policy action
- Further interest-rate increases
- Interview outlet
- CNBC
- Published
- November 6, 2026
3 sources
What people are saying
My expectation is that we will need to tighten monetary policy further.
The price level is high, but it continues to rise.
This is, ultimately, the work Congress gave us, and we cannot change the rules simply because we do not like the result.
I would like to have more confidence in the disinflation process.