2026-04-08 18:01:55
Federal Reserve Bank of San Francisco President Daly: The U.S. economic fundamentals are still in good shape, with consumption and investment remaining steady
Gate News message, April 8, San Francisco Fed Chair Daly said on Wednesday that despite uncertainty and volatility brought by the Iran war, the U.S. economy’s fundamentals remain in good shape. Daly said: "We see consumers still spending, businesses still investing." She said: "There are indeed concerns that this could push up inflation—that’s our job, and we will watch for that. There are also concerns that the labor market may not be solid enough, but we haven’t seen that; what we’re seeing is it stabilizing at a good level."