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Fed's Daly says US central bank still needs to get inflation down

BY Reuters | ECONOMIC | 02/17/26 03:38 PM EST

Feb 17 (Reuters) - San Francisco Federal Reserve President Mary Daly on Tuesday ?said the U.S. ?central bank still needs to ?get inflation down, and ?that while artificial intelligence ?potentially ?helps in that regard, the ?Fed's modestly or ?slightly restrictive policy is also important to ?making that ?happen.

"We ?need to get inflation down and we need ?to make sure that ?it's on a good path," Daly said at an event at ?San ?Jose State University, adding ?that the Fed ?also needs to make sure that labor market vulnerabilities? -- like the narrow range of industries that account for ?most of current US job creation don't turn ?into labor ?market fragilities.?

(Reporting by ?Ann Saphir)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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