Mary Daly, Interview: CNBC as published on YouTube

“We need to get the rate up to neutral, which I put at about 2.50% in nominal terms … and I see a couple of 50 basis point hikes immediately in the next couple of meetings to get there … and then we need to look around and see what else is going on … (supply chains, China, war in Ukraine, consumer behavior, impact of rate hikes, loss of accommodation) … we know where we want to be at the end of the year, which is around 2.5% in the interest rate … let’s get there are quickly as we can.”