Federal Reserve Bank of San Francisco President Speaks on Labor Market
Current Outlook on Employment
Mary Daly, president of the Federal Reserve Bank of San Francisco, recently addressed the National Association of Business. She commented on the current state of the labor market, acknowledging that:
Recent Cooling and Expectations for Interest Rates
Despite recent cooler trends, Daly anticipates that the labor market will remain tight. She also hinted that the Federal Reserve may consider adjusting interest rates as needed to address the situation:
"While we've seen some cooling in the job market in recent months, I still expect it to remain tight, and that will continue to put upward pressure on wages." - Mary Daly
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