Fed’s Daly Says US Economy Still Solid, Officials Can Be Patient

Federal Reserve Bank of San Francisco President Mary Daly said the strength of the US economy allows policymakers to be patient as they wait for more evidence of how the Trump administration’s policies will affect businesses and households.

“When you step back from the uncertainty and you look at where we are, we’ve got solid growth, solid labor market and declining inflation,” Daly said Wednesday during an event at a conference hosted by the California Bankers Association. “That’s exactly where we want to be if were going to deliver a sustainable growth path.”