According to BlockBeats, on February 7th, Federal Reserve Chairman Daly wrote, "When you talk to businesses, they are cautiously optimistic. The economy is growing well, consumer spending remains stable, job supply is ample, and increased productivity is helping to control costs. However, when you talk to workers, they are not so sure. This is also reflected in the latest polls, which show that Americans expect fewer jobs and a rising unemployment rate. In many ways, this disconnect is reasonable."
We are in a period of relatively low hiring and layoffs, and this has been the case for some time. This situation may continue, but workers are keenly aware that it could also change rapidly, leaving them in a labor market with fewer hires and more layoffs. This situation is indeed unsettling, given that inflation is above the FOMC's 2% target. And what does this mean for policy? We must balance both sides of our mission. Americans need both price stability and full employment, and we cannot take either for granted.” (Jinshi)
