Fed's Daly: no single most-likely path for rates

March 23 (Reuters) - ‌San ​Francisco ​Federal Reserve Bank President Mary Daly ‌on Monday said that unless ⁠the Iran conflict resolves quickly ‌and the Fed ‌can simply "look through" a temporary increase in oil ​prices, it is not clear what the ⁠Fed's next move on interest rates ​will need to be.

"There is no single most-likely ​path," Daly said ‌in a post on LinkedIn, noting a ⁠protracted conflict could increase the risk of higher ⁠inflation but also a weaker ​labor market, putting the Fed's two goals in tension. "With policy in ‌a good place, we need to remain ‌flexible, able to ⁠respond to ‌rapidly evolving ​risks."

(Reporting by Ann Saphir; Editing by Chris ‌Reese)

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