US EditionFed Faced with Hard Choice on Weak Jobs, High Inflation
The unexpected loss of 92,000 jobs and a 4.4% unemployment rate in February complicate Federal Reserve rate decisions amid inflation above target and sectoral disruptions, Daly said.
- On Friday, San Francisco Federal Reserve President Mary Daly said the weak February jobs report adds to a difficult policymaking environment after the BLS reported a 92,000 job loss and a 4.4% unemployment rate.
- A San Francisco Fed analysis found health care shed 28,000 jobs after a Kaiser strike, while education and health services drove 2025 growth amid a-19,000 payroll decline from last May through last month.
- Traders repriced odds, and Waller noted oil-price rises are 'more like a one-off event' that likely won't force a Fed response.
- Policymakers now face a choice between holding rates steady or cutting to support jobs, while Dominic Pappalardo warned elevated energy prices could hinder the two forecasted 2026 cuts; the Fed is expected to hold at its March 17-18 meeting.
- Daly warned on CNBC that `The hopes that the labour market was steadying- maybe that was too much, and we really have to keep our eye on the labour market; but we also have inflation printing above target and oil prices rising,' noting two-month gains are below the 30,000 needed to keep unemployment steady, and she does not vote on the FOMC this year.
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Channel News Asia
Business TimesFed faced with hard choice on weak jobs, high inflation
Fresh signs of labour weakness and oil-driven inflation concerns are cornering US Federal Reserve officials into an uncomfortable choice: leave borrowing costs steady to ensure that inflation does not worsen or cut them to shore up a job market that is losing ground.For now, they look poised to wait, even as
"The hopes that the labour market would have been stable might have been excessive," said the president of the Federal Reserve District of São Francisco
Common Dreams
New Movies & TV Shows, Trailers & ReviewsLabor Market Plummets as Trump Fuels Economic Turmoil
The latest jobs report shows the United States lost 92,000 jobs in February 2026, with prior months revised down by 69,000 jobs. The unemployment rate remains elevated at 4.4% and is near its highest levels in 4 years. The February report reveals a labor market that is barely hanging on as Trump threatens to reignite inflation with his illegal war in the Middle East.Groundwork Collaborative’s Chief of Policy and Advocacy Alex Jacquez released th…
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