Central Banks
Fed’s Goolsbee Says US Labor Market Still Looks Stable
- Says a rate pause will be appropriate if conditions change
- Chicago Fed chief still confident in inflation’s progress
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Federal Reserve Bank of Chicago President Austan Goolsbee said the labor market appears largely stable despite a bumpy series of data on the US jobs landscape.
Pointing to the average payroll numbers over recent months, Goolsbee said Friday in a question-and-answer session in Chicago, “to me that feels like in that sustainable, full employment kind of place.”