Daly: Job Slowdown Due to Business Needs, Not Immigration

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Recorded10 Nov 2025

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San Francisco Federal Reserve President Mary Daly discusses the current state of the US job market, attributing the recent slowdown in payroll growth to businesses needing fewer workers, not a lack of available workers due to immigration policies. She explains that wages are growing more slowly, suggesting companies are not struggling to find employees, and that this insight is crucial for the Federal Reserves economic policies. Daly also notes that tariffs have not caused widespread inflation, and the Fed is now considering if there are inflation risks or if an AI-driven productivity boom could help the economy grow without prices going up.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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