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San Francisco Fed president: Full employment not ‘fixed target’ — Staffing quote of the week

November 13, 2018

San Francisco Fed President Mary Daly said the central bank should not be pleased with “full employment,” Yahoo Finance reported. “We shouldn’t think of ‘full employment’ as a fixed target, but instead think of it as something that can be moved,” Daly said. “From that perspective, there appears to be quite a bit of upside potential for US workforce participation.”