San Francisco Fed President Mary Daly stated that the Federal Reserve will need to tighten monetary policy further, warning that inflation remains more persistent than desired. Speaking in a CNBC interview, the 2027 FOMC voter emphasized that combating inflation should be the central bank's top priority and confirmed the Fed is prepared to raise interest rates if necessary. Daly noted that while the October employment report represents positive news for American workers, additional data is required to determine the magnitude and timing of future rate increases. She highlighted that the strength of the labor market provides the Fed with sufficient room to pursue aggressive anti-inflation measures without immediate risk to employment stability.