Fed’s Daly warns of labor market risks, nearing inflection point
25/6/2024 5:40
Federal Reserve Bank of San Francisco President Mary Daly warned the US labor market is nearing an inflection point, where further slowing could mean higher unemployment.
Daly, who votes on monetary policy this year, said restrained demand will likely be needed to return inflation to the central bank’s 2% target. That may stress a labor market that while good, is no longer “frothy.”
Source: Bloomberg
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