San Francisco Fed President Mary Daly suggests a bigger US workforce could aid in reducing inflation for a potential "soft landing."
A bigger US workforce could further reduce inflation and increase chances of a "soft landing" where inflation decreases without causing a recession. San Francisco Fed President Mary Daly highlights supply-side improvements in labor and productivity as a significant factor in this trend. Last year, the US job market saw strong hiring, low unemployment, and more workers rejoining the workforce, contributing to a solid labor force participation.
March 03, 2024
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