Palo Alto, California, April 15 (Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Monday said there's no urgency to cut interest rates, with the economy and labor market strong, and inflation still above the Fed's 2% target.

"The worst thing to do is act urgently when urgency is not required," Daly said at the Stanford Institute for Economic Policy Research. (Reporting by Ann Saphir; Editing by Tom Hogue)