San Francisco Fed President Mary Daly said Thursday that she sees the case for quickly moving to raise interest rates this year as inflation remains high.
“I like to think of it as expeditiously marching towards neutral. It’s clear the economy doesn’t need the accommodation we’re providing,” Daly told Yahoo Finance in an exclusive interview Thursday.
The Fed hopes that raising borrowing costs will dampen the consumption and spending that has pushed prices higher.
The central banker told Yahoo…
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