[Fed's Daly: Further Rate Hikes May Be Necessary to Curb Inflation] According to Jinshi Data on November 13th, San Francisco Federal Reserve President Mary Daly stated on Thursday that further tightening of monetary policy may be necessary to reduce inflation, as inflationary pressures persist and are not solely concentrated in industries directly affected by tariffs or oil prices. She noted that more and more businesses have informed her of plans to pass on higher input costs to consumers, and their willingness to raise prices is increasing. Daly expressed her support for the Fed's decision to raise interest rates in September and keep them unchanged in October. Regarding AI, Daly stated that while AI infrastructure construction is undoubtedly pushing up some prices, its impact on overall inflation remains relatively mild, with limited cost increases and no spread to other areas. She believes that current overall inflation is primarily driven by other factors, rather than AI-related goods. She remains optimistic about the long-term prospect of AI driving faster productivity growth, but it is too early to judge when this will happen. Daly is not a voting member of the FOMC this year.