SF Fed President: It's 'Not a Good Time to Be a Worker' When Real Wages Fell 9% over Last Two Years

On Tuesday's broadcast of "CNN Newsroom," San Francisco Federal Reserve President and CEO Mary Daly stated that, despite rhetoric to the contrary, it's "not a good time to be a worker," because people are losing purchasing power and "real wages, adjusted for inflation, the average worker in America has lost 9% over the course of the last two years."