San Francisco Fed President Mary Daly stated that while the U.S. economy is in solid shape, it is too early to gauge the repercussions of the conflict involving Iran.

"The fundamentals of the economy are indeed strong," Daly remarked during a fireside chat on Wednesday in St. George, Utah.

"The key uncertainty lies in how the conflict will evolve, how long energy prices will remain elevated, and what spillover effects may arise for other goods and services. It is premature to draw conclusions at this stage, as the duration of the hostilities remains unclear," she added.