Federal Reserve's Daly: Bright Jobs Report Buoys Policymakers with More Time

San Francisco Federal Reserve Bank President Mary Daly said that the unemployment rate dropping to 4.3% in March is good news, providing policymakers with more time to balance inflation and the labor market.

Despite some confidence indices remaining low, the job market remains resilient, and consumer spending also indicates confidence in the economy.

On April 4, Mary Daly, President of the San Francisco Federal Reserve Bank, told Fox News that the unemployment rate falling to 4.3% in March is "good news," giving policymakers "more time" to balance the risks between inflation and the labor market.

She stated: The employment report released on Friday is "really good news" and "very encouraging"; even with various confidence indices remaining low, the data shows that "the economy and job market remain stable"; increased divergence in employment growth is also "good news"; there are no signs of deterioration in the labor market, which "buys us more time to balance risks, and the current level of monetary policy is just right for this task"; the conflict in Iran may simultaneously impact inflation and economic growth, but the sustainability of these effects remains uncertain; consumers facing pressure from rising gasoline prices may be affected in their spending; the latest data shows consumers are still spending, "indicating they have confidence in the economy," she said.