Federal Reserve Voting Committee: The uncertainty of the inflation outlook has increased, and now we should be patient. San Francisco Fed Chairman Daley said that due to the increased uncertainty of the inflation outlook, it is difficult to make policy predictions until the Fed obtains more clear information, so she tends to wait. Daley said at an event at the Mercatus Center at George Mason University on Thursday, "(quelling) inflation will be a bumpy process. It is still uncertain what inflation will look like in the coming months, and our response is not to make more predictions."