[Federal Reserve's Daly: Must Balance the Two-Sided Risks of Dual Mandate, Current Situation Appears 'Unstable'] BlockBeats News, February 7, Federal Reserve's Daly stated in an article, 'If you talk to businesses, they exhibit cautious optimism. Economic growth is solid, consumer spending remains stable, job openings are abundant, and improved productivity is helping to control costs. However, when speaking with workers, they are not as certain. This is also reflected in the latest polls, which show that Americans expect fewer job opportunities and a rise in unemployment. In many ways, this disconnect is understandable. We are already in a period where both hiring and layoffs are relatively low, and this has been the case for some time. This situation may persist, but workers are acutely aware that conditions could change rapidly, placing them in a labor market with reduced hiring and increased layoffs. With inflation above the FOMC's 2% target, this situation indeed feels unstable. What does this mean for policy? We must balance the dual aspects of our mandate. Americans need both price stability and full employment, and we cannot take either for granted.' (Jin10)