TechFlow, May 9 — According to Jinshi Data, Federal Reserve Governor Cougler said on Friday local time that the U.S. labor market remains stable and is likely nearing the Fed's maximum employment goal, as shown by the current 4.2% unemployment rate and a range of other indicators.
Cougler's speech delivered to the Central Bank of Iceland did not address the economic outlook or monetary policy. Earlier this week, the Federal Reserve kept interest rates steady in the 4.25%-4.50% range. Fed Chair Powell stated that although President Trump's tariffs could raise both unemployment and inflation, these trends are not yet clearly evident in the data, allowing the Fed to wait and assess the economic situation before taking any action.
Add to Favorites
Share to Social Media
