Federal Reserve official Daley: The U.S. economy remains strong and policymakers can remain patient.

San Francisco Federal Reserve Bank President Daly stated that the performance of the U.S. economy allows policymakers to patiently wait for more evidence to understand how the policies of the Trump administration will affect businesses and households. She said that monetary policy is "in good shape" and can respond to "any impact" that Trump's policies in taxation, trade, immigration, and deregulation may bring. The key words right now are patience, patience to observe, instead of guessing.