Fed's Daly: Do not want to tip economy into downturn - CNBC

inflation is about half due to excess demand, and about half due to constrained supply, she said, and the hope is that as the Fed raises rates to slow demand, the supply side will also heal, allowing the two to "meet in the middle."?

But supply chains are still tangled and labor supply has not returned as quickly as had been hoped, she said, so the Fed may end up needing to do "a little more" on demand to make sure inflation does come down.

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