Reuters · October 14, 2026

San Francisco Fed President Daly Says Further Rate Increases Are Likely Needed, but Not Urgently

• San Francisco Federal Reserve President Mary Daly told Reuters in an interview on Wednesday that the Federal Reserve will probably need to increase short-term interest rates further, according to the report.
• Daly signaled no need to make that decision at the U.S. central bank's October 27-28 meeting, according to the report.
• Daly said the timing of further adjustments is still being deliberated, according to the report.

Statements via Daly's interview with Reuters, cited in the original report. Original headline: "Fed's Daly says rate hikes likely needed, but not urgently".