San Francisco: The Federal Reserve will probably need to increase short-term interest rates further to rein in too-high inflation, San Francisco Federal Reserve President Mary Daly said on Wednesday, but she also signaled there's no need to do so at the US central bank's October 27-28 meeting.
"We are more likely than not to need additional adjustments, but the timing of those adjustments to me is something we're still deliberating," Daly told Reuters in an interview. "I don't feel urgent that we have to decide with a limited set of information. I think we have the time that we need."
