In a speech at Brigham Young University in Provo, Utah, San Francisco Federal Reserve Bank President Mary Daly emphasized the importance of not hastily adjusting interest rates, given the current state of the economy and the uncertainties surrounding the Trump administration's new policies. Daly pointed out that the economy is performing well and policy decisions are on the right track, allowing for a cautious and deliberate approach to rate adjustments. While Daly acknowledged the strength in economic growth and the labor market based on concrete data, she expressed some apprehension regarding potential inflation spikes, particularly due to tariffs.