Fed's Daly: Current Situation Appears "Unstable"

According to Odaily, Fed's Daly stated that the Federal Reserve must balance the two-way risks of its various responsibilities. The current situation appears "unstable." An environment of low hiring and low layoffs may persist, or it could quickly shift to a labor market with no hiring and more layoffs. Businesses are cautiously optimistic, while workers are less certain. (Jin10)