Mary Daly sees solid US economic fundamentals amid war
Mary Daly says US fundamentals are solid despite higher oil prices from the Iran war. She notes stable spending and labor market as inflation risks persist.
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San Francisco Federal Reserve President Mary Daly stated on Wednesday that the economy of the United States remains fundamentally strong despite the volatility in West Texas Oil prices caused by the conflict in Iran. Addressing the St. George Area Chamber of Commerce in Utah, Daly noted that while geopolitical tensions have created uncertainty, the core drivers of domestic growth continue to perform well.
