Federal Reserve Bank of San Francisco President Mary Daly expressed concerns about inflation uncertainty in the next few months, noting a healthy labor market with high inflation. Daly highlighted signals of consumers being selective but no decline in input prices. She emphasized the importance of a stable labor market and inflation target of 2%, stating the Fed's policy is restrictive but may take time to lower inflation. Daly mentioned the potential need for policy adjustments if the labor market weakens fundamentally.