Goolsbee Says US Job Market Is Stable Amid High Inflation
Austan Goolsbee says the job market is holding steady even as inflation moves in the wrong direction. He sees little evidence of the labor sector falling apart.
Xurve View
Xurve View
Chicago Fed President Austan Goolsbee stated the United States labor market remains stable following April hiring data despite persistent inflationary pressures. Goolsbee described the current employment sector as stable without being good during a midday interview. Investors are weighing these comments against recent price data to gauge the Federal Reserve's next interest rate move.
