The Federal Reserve (FED) Kuger: The U.S. labor market is stable and close to maximum employment.

GateUser-6433627c · 2025-05-09T14:04:14+00:00

Fed's Kugler said the U.S. labor market is stable and could be close to the maximum employment target. He did not address the economic outlook or monetary policy, consistent with the Fed's decision to keep interest rates unchanged. Powell pointed out that Trump's tariffs may affect employment and inflation, but the data is not yet clear, so the Fed is waiting and seeing.

GateUser-6433627c

2025-05-09 14:04:14

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According to Golden Ten data, Federal Reserve Governor Kugler said on Friday local time that the U.S. labor market is stable, and judging from the current unemployment rate of 4.2% and a series of other indicators, it is likely to be close to the Fed’s goal of maximizing employment. Kugler’s speech to the Central Bank of Iceland did not address the economic outlook or monetary policy. Earlier this week, the Federal Reserve (FED) kept interest rates in the range of 4.25%-4.50%. Federal Reserve Chairman Powell stated that although President Trump’s tariffs may increase unemployment and inflation rates, these trends are not evident in the data, allowing the Federal Reserve to wait and see how the economic situation unfolds before taking any action.

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