Fed’s Daly Said Good Jobs Report Gives Policymakers Time

Federal Reserve Bank of San Francisco President Mary Daly said in an interview with Fox News that the drop in the unemployment rate to 4.3% in March is “good news” that allows policymakers to have “more time” to balance risks to both inflation and the labor market.

• Friday jobs report was “really good news” and “very welcome”
  • “It tells us that the economy and the job market is staying steady” even amid low sentiment surveys, she said
  • Higher dispersion in job creation is also “good news”
• As labor market proves it’s not deteriorating, it “gives us more time to balance ...