Fed's Daly sees rates rising at least another percentage point as 'pausing is off the table'
watch now VIDEO 5:20 05:20 A pause is off the table, says San Francisco Fed President Mary Daly Squawk on the Street San Francisco Federal Reserve President Mary Daly said Wednesday she expects the central bank to raise interest rates at least another percentage point , and possibly more, before it can pause to evaluate how the inflation fight is going. Daly told CNBC in a live interview that her most recent estimate in the Fed's summary of economic projections puts the benchmark overnight lending rate around 5%. She added that the right range is probably from 4.75% to 5.25% from its current targeted range of 3.75%-4%. "I still think of that as a reasonable landing place for us before we hold, and the holding part is really important," she told Steve Liesman during the "Squawk on the Street" interview. "It's a raise-to-hold strategy." Thus far, the Fed has hiked the fed funds rate, which spills over into a slew of other consumer debt products, ...