Daly is currently not a voting member of the Federal Open Market Committee, the decision-making body of the U.S. central bank. Daly did not specify what action would be taken at the upcoming meeting in December, saying, "To get policy right, you need to keep an open mind and dig deep into the evidence on both sides of the argument."

Daly said, "So far, the impact of tariffs has been largely confined to goods, with little spillover to services inflation or inflation expectations, which remain relatively firmly anchored near our target."

[Deep Tide TechFlow]