Fed's Daly: It's difficult to raise interest rates when the labor market is unstable.

Fed's Daly: It's difficult to raise interest rates when the labor market is unstable.

Mary Daly, President of the Federal Reserve Bank of San Francisco: An employment market with low hiring and low layoffs is more susceptible to changes.

Both of our goals are now facing risks.

The impact of rising oil prices depends on how long the increase lasts.

The current wage growth we are seeing is not excessively high.

The February employment report still contains only one month of data.

Specific details make the February employment report difficult to interpret.

When the labor market is unstable, it is hard to raise interest rates.

More updates coming...

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