San Francisco Fed's Daly says jobs report complicates interest rate call

• The weak February jobs report complicates the Fed's interest rate call.
• Daly believes the Fed should not be hiking interest rates at this time.
• There is a debate on whether to act immediately on labor market data or wait to analyze further data.

San Francisco Federal Reserve President Mary Daly stated that the weak February jobs report complicates the Federal Reserve's interest rate decision. She indicated that the Fed is not currently in a position to consider hiking interest rates, emphasizing the need to carefully evaluate the data before making urgent policy adjustments.