Mary Daly becomes latest Fed official to raise prospect of 0.25 point rate rise

Mary Daly became the latest Federal Reserve official to raise the prospect of the US central bank slowing the pace of its interest rate increases to a quarter-point rise next month, even as policymakers backed the benchmark rate surpassing 5 per cent.

Daly, president of the San Francisco Fed, on Monday said that while it is “really too soon to declare victory” on inflation, the central bank is considering raising the federal funds…