Federal Reserve Bank of San Francisco President Mary Daly said on Friday that the United States economy is in a "good place," although uncertainty remains a significant concern.
"The US economy has been extremely resilient, and in my determination is in a good place," Daly said, noting that the biggest concern of the businesses is uncertainty. She stated that the companies are still investing, but are unsure how much they can engage in. "Of course, for businesses that are directly affected by tariffs, say distribution, trucking, things like that, they are slowing down a bit, as companies try to figure out what the tariffs mean for them," Daly added.
Daly also said that the bank's monetary policy is in a good place, as it remains restrictive and continues to put downward pressure on inflation.
