Fed's Daly: There are risks in the labor market, and it is currently approaching a turning point.

Gold Ten Data, June 25th, the US Federal Reserve Daly warned that the US labor market is approaching a turning point, and further slowing may mean higher unemployment rates. He said that it may be necessary to suppress demand in order to bring inflation back to the central bank’s target of 2%. This may put pressure on the labor market, although the labor market is in good condition and is no longer a “bubble.” In addition, Daly also stated that although recent data showing a slowdown in price growth is encouraging, the volatility of inflation data this year has not inspired confidence. Daly believes that it is difficult to know whether the economy has really entered a stable trajectory of prices.