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Fed's Goolsbee tells CNBC that job market is holding in

Kitco Media
By Reuters
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Reuters
Fed's Goolsbee tells CNBC that job market is holding in teaser image

May 8 (Reuters) - Federal Reserve Bank of Chicago President ​Austan Goolsbee said on ‌Friday that April hiring data shows more stability ​in the employment ​sector amid worrisome developments on ⁠the inflation front.

The ​job market has been “stable ​without being good” and “I still think there's not a lot ​of evidence that ​the job market is falling ‌apart,” ⁠the official said in a CNBC interview. “And on the other side ​of the ​Fed's ⁠mandate, inflation hasn't been great, ​and it's been going ​the ⁠wrong way lately” and it’s not clear ⁠how ​much higher ​price pressures will go, he said.

Reporting ​by Michael S. Derby

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