The Federal Reserve Kugler: The U.S. labor market is stable and close to maximum employment.

GateUser-6433627c · 2025-05-09T12:12:17+00:00

The Federal Reserve's Kugler stated that the U.S. labor market is stable and may be nearing its maximum employment target. He did not address the economic outlook or monetary policy, which is in line with the Federal Reserve's decision to keep interest rates unchanged. Powell noted that Trump's tariffs may impact employment and inflation, but the data is not yet clear, so the Federal Reserve is taking a wait-and-see approach.

GateUser-6433627c

2025-05-09 12:12:17

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[The Federal Reserve Governor Kugler: The U.S. labor market is stable, close to maximum employment] According to Jin10 data, Federal Reserve Board of Governors member Kugler said on Friday local time that the U.S. labor market is stable, and based on the current 4.2% unemployment rate and a series of other indicators, it is likely close to the Federal Reserve’s goal of achieving maximum employment. Kugler’s speech to the Central Bank of Iceland did not address economic prospects or monetary policy. Earlier this week, the Federal Reserve kept interest rates in the range of 4.25%-4.50%. Federal Reserve Chairman Powell stated that while President Trump’s tariffs could increase unemployment and inflation rates, these trends are not evident in the data, so the Federal Reserve can wait to see how the economic situation unfolds before taking any action.

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