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Fed’s Daly Says Labor Market Has Stabilized as Inflation Rises From Tariffs and Oil Price Shock

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2026-07-02 12:24:37
San Francisco Fed President Mary C. Daly said the labor market has stabilized, while inflation has risen due to shocks from tariffs and oil prices.

According to Odaily, Daly said oil prices have already retreated and she hopes related pressures will ease.

Daly added that Federal Reserve policy remains in a slightly restrictive stance.
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