Chicago Federal Reserve President Goolsby said on the 3rd that although the US April employment report released on the same day remained “solid,” Federal Reserve officials said the economy was not overheating but became more convinced that so it is. Photograph taken in July 2022 (2024 Reuters/Brian Snyder)
[Reuters]- Chicago-based US Federal Reserve President Goolsby said on the 3rd that US employment statistics for April, released on the same day, remained “solid,” but that Federal Reserve officials the US He said the economy may have slowed to the extent that it is strengthening confidence that it is not overheating.
According to the employment statistics for April, the number of non-farm workers increased by 175,000 from the previous month, a slower than expected growth rate since March. See more
Governor Goolsby told Bloomberg TV: “When we see more employment statistics like these, which are both strong and indicate that we are returning to normal conditions before the coronavirus pandemic, it means the economy is not overheating .”
The governor said he did not want to commit to the next meeting even in advance and refused to comment on the likelihood of a rate cut this year.
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