In a statement made yesterday, Sunday, Mary Daly, a member of the Federal Reserve Bank of San Francisco, said that the increasing uncertainty among businesses could weaken demand in the U.S. economy, but it does not justify a change in interest rates. It is noted that business leaders have reported a rise in uncertainty regarding the economy and politics in the state report, which research indicates can reduce demand. In this context, the Federal Reserve member called for an approach based on economic conditions. Daly added that the Federal Reserve does not need to adjust interest rates at its upcoming meeting, clarifying that current interest rates are appropriate. She also believes that the economy remains strong.
