Squawk Pod A Weak Jobs Report & Regulating Prediction Markets 3/6/26
7 snips
Mar 6, 2026 
Mary Daly, President of the San Francisco Fed, on monetary policy, labor market softness, inflation risks and possible rate paths. Sean Maloney, former congressman now leading the Coalition for Prediction Markets, on growth of prediction platforms, insider trading concerns, and how regulation and market design might work. Short, timely conversations about jobs data and the future of prediction markets.
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February Jobs Drop Shows Labor Market Vulnerability
- The February payroll decline signals a potentially weaker labor market rather than a definitive turn.
- Mary Daly points to strikes, severe winter weather, and population benchmarking as reasons to 'average' recent months and keep watching labor signals.
Average Volatile Monthly Jobs Data Before Acting
- Average volatile months and avoid overreacting to single releases when assessing jobs trends.
- Daly recommends averaging January and February and monitoring participation, hiring surveys, and firm hiring intentions.
Fed Must Balance Labor Weakness Against Persistent Inflation
- The Fed faces a tradeoff: a softer labor market vs. inflation above target, so policy must balance both risks.
- Daly emphasizes holding rates or pausing cuts while collecting more info rather than hiking amid uncertainty.