Daly Says Fed Must Avoid Mistake of Holding Rates Too Long

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Federal Reserve Bank of San Francisco President Mary Daly warns against keeping interest rates too high for too long, citing inflation concerns while also monitoring productivity gains.

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Federal Reserve Bank of San Francisco President Mary Daly says, “while I’m looking for productivity gains and seeing if they’re going to continue, I’m also keeping my eye completely focused on inflation,” but warns against keeping interest rates too high for too long. (Source: Bloomberg)

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Original article published by Bloomberg on November 10, 2025.
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