San Francisco Federal Reserve Bank President Mary Daly predicted that the United States economy will “continue slowing,” adding that this was “necessary” in order to bring the inflation down to its target, the policymaker revealed in an interview with Wall Street Journal on Monday. The policymaker explained that the country’s overall inflation is registering a downward trend taking into account recent data, but emphasized that the Federal Reserve “shouldn’t declare victory based on one month of data” warning that moving away from increases of interest rates could “worsen the economy.” Daly stated that the policymakers will assess the incoming data on consumer prices in the country and will determine the rate of interest rate increase with the hike ranging between 25 to 50 basis points being on the table at the next policy meeting. NN: The FED is not done. And the sooner wall street accepts this fact the easier it will be for them.