Fed's Daly Indicates Further Tightening of Monetary Policy

San Francisco Fed President Mary Daly stated in an interview with CNBC that the October jobs report is good news for American workers, but inflation is proving to be more stubborn than expected and needs to be prioritized. She noted that the Fed will have to tighten policy further and raise interest rates if necessary, with specific magnitude and timing requiring more information. Daly also mentioned that the strong labor market provides the Fed with room to address inflation issues.

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