The head of the Philadelphia Fed., said it was time for the Fed to take measures since the 7% inflation in December is too bad. He admitted that in the current year, the raise rate decision will be made not three, but four times. However, if the inflation rate starts to decline, then the rate increases number may also decrease. The Fed’s balance sheet reduction must begin after the rates will be significantly increased. The head of the SF Fed also noted a very high level of inflation. In this regard, measures to support the national economy must be curtailed. Mary Daly declined to name the number of rate hikes this year. Mary Daly expects price pressures to gradually ease as the pandemic ends, support programs rollback, and supply issues are addressed. She believes that the current monetary policy of the Central Bank corresponds to the situation in the country’s economy.