Let's get US interest rates to 2.5% as quickly as we can: Fed's Daly

The central bank is under pressure to begin to decisively curb overly high inflation, which is running at more than three times its 2% goal

The Federal Reserve should get interest rates up to a level that no longer stimulates the economy as quickly as possible including 50-basis-point hikes at the central bank's next two meetings, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday.
 

"I see a couple of 50-basis-point hikes immediately in the next couple of meetings to get there. And then we need to look around and see what else is going on," Daly said in a CNBC interview.
 

"Let's get there as quickly as we can," Daly added on getting to a neutral rate - a level which neither