Austan Goolsbee says April hiring data shows job market stability
Updated
Updated · Reuters · May 8
Austan Goolsbee says April hiring data shows job market stability
4 articles · Updated · Reuters · May 8
The Chicago Fed president told CNBC the labour market was “stable without being good” and showed little evidence it was “falling apart.”
He said inflation, the other side of the Fed’s mandate, has not improved and has recently moved in the wrong direction, with uncertainty over how much price pressures could rise.
His remarks suggest a still-resilient employment backdrop is being weighed against persistent inflation concerns as policymakers assess the economic outlook.
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