1201 ET - Mary Daly, president of the San Francisco Fed, says that the central bank must carefully watch both sides of its dual mandate, given a combination of elevated inflation and a frustrating job market. Businesses are cautiously optimistic, but workers are not so sure, she writes in a post on LinkedIn. "Workers are aware that things could change quickly, leaving them in a no-hiring, more-firing labor market. With inflation printing above the FOMC's 2 percent goal, this rightly feels precarious," Daly writes, using the initialism for the Federal Open Market Committee. "Americans deserve both price stability and full employment, and we can't take either for granted," she adds. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
February 06, 2026 12:02 ET (17:02 GMT)
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