Fed's Daly Says US Policy 'Slightly Restrictive,' Next Step Uncertain

San Francisco Federal Reserve President Mary Daly said Thursday that U.S. monetary policy is "slightly restrictive" but ‌that with "exceedingly strong" investment growth in AI-related technology and a stable ​labor market it's unclear what the Fed's next step should be. "I think there's a scenario where we have to fight ⁠inflation...