Reported 2 months ago
San Francisco Fed President Mary Daly addressed concerns over a slowing job market, stating it's too early to determine whether the slowdown indicates real economic weakness. While the labor market is showing signs of slowing, Daly emphasized the importance of maintaining economic growth and hinted at potential interest rate cuts in the future, though she refrained from predicting specific timing. Despite recent disappointing job reports, she reassured that companies are not laying off workers but rather adjusting their hiring pace.
Source: YAHOO