San Francisco Fed’s Daly: Too soon to say job market ‘stalling’

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Economy7 minutes ago (Oct 10, 2021 11:15AM ET)

(C) Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir/File Photo/File Photo

(Reuters) – The U.S. job market will continue to feel the effects of COVID-19, but it is too soon to say it is “stalling,” San Francisco Federal Reserve President Mary Daly said on Sunday.

“It’s going to have these ups and downs, especially with the Delta variant,” Daly said on the CBS weekend news program “Face the Nation” when asked about a second straight month of disappointing job growth in September.

“So I think it’s too soon to say it’s stalling, but certainly we’re seeing the pain of COVID and the pain of the Delta variant impact the labor market.”

San Francisco Fed’s Daly: Too soon to say job market ‘stalling’

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