[Fed's Daly: Further Rate Hikes May Be Needed if AI, Tariffs, and Energy Shocks Persist] Jin10 News, October 7 – San Francisco Fed President Mary Daly stated that the demand for chips driven by the AI boom may expand from high-end AI chips to the broader semiconductor market. Some companies have already begun securing supplies of memory chips in advance and even redesigning products to reduce chip usage. She believes that the price pressures brought by this wave of AI may not be a one-time shock, and the time required for relief could exceed the one-to-three-year assumption typically made by the Federal Reserve. Daly expressed her full support for the Fed's rate hike in September. Whether further action is needed will depend on whether shocks such as AI, tariffs, and energy prices driven by Middle East conflicts subside. If these factors persist longer or compound each other, further tightening of policy may be necessary. However, if the shocks are temporary, additional rate hikes may not be required.