Fed's Daly: We know we want to be at 2.50% by year end

• Says she's not forecasting beyond the next couple of meetings
• We need to get rates to neutral
• Let's get to neutral as quickly as we can
• Says she's open to pulling the reins back on the economy but it's too early to proclaim what they will do
• Looking for supply to recover and demand to come down
• If supply doesn't recover and demand doesn't slow, they need to put rates into restrictive territory
• I hope inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term has peaked but I don't want to declare victory
• I don't see signs of a wage-price spiral
• I don't see a recession

Daly has been a mouthpiece for Powell in the past so I wouldn't rule out this kind of shift from the Fed chair as well. The talk about restrictive policy won't sit well with markets.