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Fed's Daly says dependent care is essential to supporting work

Published 11/18/2021, 03:48 PM
Updated 11/18/2021, 03:50 PM
© Reuters. FILE PHOTO: San Francisco Federal Reserve Bank President Mary Daly poses at the bank’s headquarters in San Francisco, California, U.S., July 16, 2019. REUTERS/Ann Saphir

(Reuters) - A high number of job postings and a low unemployment rate do not automatically mean that all people who want to work are able to land a job and some people need more support, San Francisco Federal Reserve President Mary Daly said on Thursday.

"Just saying that the labor market has a low unemployment rate is not saying that everyone who wants a job can get one because some of the barriers are not about job openings but about the network of things to support work," Daly said during a virtual event focused on the role of care work. "Dependent care is an essential ingredient to supporting work."

Latest comments

Federal Reserve more and more goes beyond their mandate. If Biden appoints Brainard the Federal Reserve will go full woke and become another branch of government Americans being the slaves.
Shy is fhe fed making public policy??
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