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Thursday, 15 October 2026

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Fed’s Daly Says More Rate Hikes May Be Needed, but Sees No Urgency to Act

San Francisco Fed President Mary Daly says further interest-rate increases may still be needed to contain inflation, but policymakers have time to assess the economy before acting.

By Tim Clark4 min read

San Francisco, 15 October 2026 – San Francisco Federal Reserve President Mary Daly said further US interest-rate increases may be needed to bring inflation under control, but argued that policymakers do not need to move immediately and have time to assess how the economy responds to recent tightening.

Her comments point to a more measured approach after the Federal Reserve raised rates in September, with officials now weighing persistent inflation against the risk of placing unnecessary pressure on economic growth and financial conditions.

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Author

  • Tim Clark is a Senior Geopolitical Analyst for The Ledger Asia, specializing in the intersection of international relations and market stability. With over a decade of experience, Tim provides deep-dive insights into Indo-Pacific security, global supply chain resilience, and the strategic competition between major powers.

    Previously a consultant for leading international think tanks, he focuses on how shifting diplomatic landscapes and maritime disputes impact corporate governance and trade policy. At The Ledger Asia, Tim’s analysis equips readers with the clarity needed to navigate the complex regulatory and economic environments of Southeast Asia and beyond.