Fed Officials Push For Additional Rate Hikes This Year To Curb Inflation

Federal Reserve Bank of Cleveland President Loretta Mester believes interest rates will need to go up further and stay there for some time to bring down inflation.
San Francisco Fed President Mary Daly sees the need for a couple more rate hikes this year as the economy is strong and inflation is high.
Cleveland Fed's Mester says rates must continue rising to ensure 2% inflation target is met, though she did not specify a timeline.
Daly believes two more hikes are likely needed but the number could change based on incoming data as risks remain balanced.
Daly wants to avoid raising too far and negatively impacting jobs or making essentials unaffordable.