San Francisco Fed President Daly said on Wednesday that despite uncertainty and volatility brought by the Iran war, the fundamentals of the U.S. economy remain "in good shape."
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Daly said: "We see that consumers are still spending, and businesses are still investing." She stated, "There are indeed concerns that this could drive up inflation—this is our responsibility, and we will monitor this. There are also concerns that the labor market might not be strong enough, but we have not seen that; what we see is that it is stabilizing at a good level."
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