San Francisco Fed President Daly says higher rates 'are likely to be needed' in inflation fight

San Francisco Fed President Mary Daly said Friday that higher interest rates "are likely to be needed" to bring inflation under control, signaling continued support for further tightening. Her remarks followed a strong jobs report, which she called "good news for American workers" while cautioning that inflation is straining household finances. Daly's comments matter because they indicate the central bank remains focused on cooling price pressures even as the labor market stays resilient. Investors will watch upcoming inflation data and Fed communications for signals on the pace and size of any additional rate increases.