Daly: Fed is committed to getting inflation down

Daly is speaking on CNBC. Earlier, the Fed's Logan spoke but all the comments were on central bank digital currencies.

• Fed needs further rate hikes and then hold policies until they are truly done with getting inflation down
• Americans have faith Fed can bring inflation down
• There's a lot of room to slow down the labor market

The Fed is going to play with labor market fire if they're not careful. Once layoffs start, they're tough to stop.