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April 3, 2020, 11:09 a.m. EDT

Fed's Daly: Ugly jobs data will improve if we fight the pandemic effectively

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By Greg Robb

The drop in employment and the rise in jobless claims are big numbers but Americans should focus on fighting the virus effectively and then the data will improve, said San Francisco Fed President Mary Daly, in an interview on CNN on Friday. "History tells us that if we fight a global pandemic with the social distancing actions we've taken - the sheltering-in-place - then those economies that do that get through that faster," Daly said. "Those numbers don't stay big if we do these things well," she added.

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