San Francisco Fed President Daly: U.S. Economy Remains Strong Amid Iran Conflict

San Francisco Federal Reserve President Mary Daly stated on Wednesday that despite the uncertainties and volatility caused by the Iran conflict, the fundamentals of the U.S. economy remain strong. According to Jin10, Daly noted that consumer spending and business investments are ongoing. She acknowledged concerns about potential inflationary pressures, emphasizing that it is the Fed's responsibility to monitor these developments. Additionally, she addressed worries about the labor market's stability, asserting that it is currently maintaining a solid level.