According to CoinMeta, Mary Daly, the president of the Federal Reserve Bank of San Francisco, stated at an economic conference in Tokyo that she "fully supports" the Fed's decision to keep interest rates unchanged last week, despite inflation still being above the Fed's target of 2%. Daly pointed out that policymakers still need more information to determine the next steps. She warned that if inflationary momentum reappears, the Fed may need to take more forceful measures. Daly's remarks emphasize the Fed's cautious attitude ahead of its September meeting and also indicate that more decisive action may be taken if economic conditions deteriorate.