Federal Reserve Bank of San Francisco President Mary Daly said growing uncertainty among businesses could slow demand in the US economy but doesn’t require a change in interest rates.

Business leaders in her Fed district have conveyed that “uncertainty surrounding the economy and economic policy is elevated,” Daly wrote in a LinkedIn post published Friday.

“And economic research will tell you that uncertainty is a source of demand restraint,” she said. “We are also getting some mixed signals from markets.”

Daly made it clear, however, she believed officials didn’t need to adjust policy when the Federal Open Market Committee, the Fed’s policy-setting panel, gathers next week in Washington.

“The FOMC has interest rates in a good place,” she wrote. “And there are plenty of signs that the economy is solid.”

Read more: Fed’s Powell Says Still No Need to Hurry to Consider Rate Moves

Daly said she favors stepping back to examine the economy rather than reacting “to each headline, newsflash, forecast or market gyration.”

Her comments follow remarks on Friday from Fed Chair Jerome Powell, who said he believes officials “do not need to be in a hurry” to adjust policy despite increased uncertainty in the US economic outlook.