San Francisco Fed President Mary Daly warns oil price shocks and tariffs are delaying the return to 2% inflation, with rate cuts unlikely until disinflation

Daly warns AI investment could trigger inflation by 2026. Fed rate hike in 2026 at 54.5% YES.

San Francisco Fed President Mary Daly said the US economy and labor market remain resilient, with the federal funds rate holding at 3.50%-3.75%.