Fed's Daly: Economy Strong Despite Iran War

San Francisco Fed President Mary Daly said the U.S. economy remains fundamentally strong despite uncertainty from the Iran war.
She noted consumer spending and business investment are ongoing, while monitoring potential inflation pressures and labor market stability.
Daly emphasized the Fed should maintain a steady approach and avoid reacting to short‑term market movements or news cycles.
She said it is too early to determine how long elevated oil prices will persist.