Fed's Daly: US Economic Fundamentals Remain in Good Condition

Odaily News According to Fed President Daly on Wednesday, despite the uncertainty and volatility brought by the Iran war, the fundamentals of the US economy remain in "good condition." 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 will monitor it. There are also concerns that the labor market may not be strong enough, but we haven't seen that; what we see is it stabilizing at a good level." (Jin10)