Fed's Daly Says Further Tightening of Monetary Policy May Be Needed

On October 7 that, according to Jin10 Data, New York Fed President Daly recently stated that based on current trends in macroeconomic data, policymakers may need to further tighten monetary policy. This remark directly addresses the market's sustained attention to the future policy trajectory.

Daly emphasized that, with inflation data yet to fully return to its target range and the labor market maintaining a relatively tight equilibrium, prematurely easing the policy stance could pose risks. She noted that policymakers will closely monitor changes in various economic indicators and adjust interest rate levels flexibly based on these developments.

This statement further clarifies certain Fed officials' preference for maintaining a restrictive interest rate environment, providing a key reference point for policy guidance at upcoming rate-setting meetings.