Federal Reserve Bank of San Francisco President Mary Daly on Wednesday backed the U.S. central bank's decision to keep interest rates unchanged last week, saying policymakers need more evidence before deciding whether inflation requires further action, Reuters reported.
Speaking at an economics conference in Tokyo, Daly said the Federal Reserve needs to gather additional information before its September policy meeting to assess whether current inflationary pressures stem from temporary supply-side disruptions or signal a more persistent trend.
