(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Tuesday said with the economy strong and a lot still unclear on the effect of new policies of the Trump administration, the central bank should not rush to adjust interest rates.

"With growth good and policy in a good place, we have built the time and the ability to just tread slowly and tread carefully," Daly said at Brigham Young University in Provo, Utah.

She said the hard economic data show growth and the labor market are solid, though on inflation she is "a little concerned it might pick back up again, at least temporarily from tariffs."