A post by @DeItaone on X.
FED'S DALY WELCOMES STRONG JOBS REPORT BUT WARNS ON INFLATION
@DeItaone on X
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San Francisco Fed President Mary Daly welcomed October’s stronger-than-expected jobs report as good news for the U.S. labor market while cautioning that inflation remains a concern. Daly said wage growth is not booming and that real wages are falling, even as the headline payrolls figure beat expectations. She flagged persistent price pressures as the key risk, signaling the Fed is not yet ready to declare victory on inflation. The comments matter because they shape expectations for the Fed’s next rate decision, with traders watching whether policymakers prioritize labor-market strength or sticky inflation.
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Mary Daly, Federal Reserve