Fed's Daly says underlying economic fundamentals in a 'good place'
April 8 (Reuters) - San Francisco Federal Reserve President Mary Daly on Wednesday said the U.S. economy is fundamentally in a "good place" despite the uncertainty and volatility from the Iran war.
"What we've seen is consumers are still spending, businesses are still investing," Daly told the St. George Area Chamber of Commerce in Utah. "There's a concern that maybe this will push inflation up: that's our job, we'll focus on that. And there's a concern that maybe the labor market isn't as solid, but we're not seeing that, we're seeing it kind of settle at a good place."
