More from Fed’s Daly: Not ready to say what hike the Fed should do at Dec Meeting

More from Fed’s Daly after her speech in Orange County today:

• Not ready to say what hike Fed should do at December FOMC
• Not taking anything off the table for December meeting
• At some point it will be right for the Fed to slow rate hike pace
• Fed can hike beyond 5% if inflation data doesn’t cool
• Can’t say that monetary policy based on rules alone
• It is on a hawkish side of Fed policy maker spectrum
• Way too early to say inflation has peak 10 is cooling off
• Sees no solid wage price spiral
• Inflation drivers half supply issues, half demand driven