In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that the job market is “pretty stable.”
Key takeaways
“There’s not a lot of evidence the job market is falling apart.”
“Inflation has not been great and is going the wrong way.”
“There is not a lot of evidence of job market deterioration.”
“Inflation rise is not just energy, was elevated before war.”
“Fed has to keep an eye on inflation situation.”
“Everything should always be on the table for the Fed.”
“Trying to figure out if energy shock will last.”
Source: https://www.fxstreet.com/news/feds-goolsbee-not-a-lot-of-evidence-the-job-market-is-falling-apart-202605081511
