CoinVoice recently learned that on October 6, San Francisco Fed President Daly said that the tight financial environment reduced the need for the Fed to raise interest rates. We need to see progress in super-core inflation to be confident that we are moving towards our 2% target.

If inflation cools and stagnates or the financial environment relaxes, further interest rate hikes will be needed. We need to keep an open mind and remain selective about interest rates. (Jinshi) [Original link]