Fed's Daly: U.S. Economic Fundamentals Remain in Good Shape

Odaily News According to Fed President Daly, despite the uncertainty and volatility brought by the Iran conflict, the fundamentals of the U.S. economy remain in "good shape." Daly stated, "We see consumers are still spending, and businesses are still investing." She added, "There are indeed concerns that this could push inflation higher—that's our responsibility, and we are watching it. There are also worries that the labor market might not be solid enough, but we are not seeing that; what we see is it stabilizing at a good level." (Jin10)