Fed's Daly: Will Have to Tighten Monetary Policy Further

November 7 — According to Investinglive, 2027 FOMC voter and San Francisco Fed President Mary Daly said in a CNBC interview that the October employment report is good news for American workers, but inflation is more stubborn than she would like and should be the top priority; the Fed will have to tighten policy further and is prepared to raise rates if necessary, while more information is needed on the magnitude and timing of further tightening. She also said the strong labor market gives the Fed room to tackle inflation.