Fed's Goolsbee (2027 voter) says the job market is pretty much stable and there's not a lot of evidence the job market is falling apart, CNBC interview
- Inflation has not been great and going the wrong way.
- Not a lot of evidence of job market deterioration.
- Fed has to keep an eye on inflation situation.
- Everything should always be on the table for the Fed.
- Trying to figure out if energy shock will last.
- Not a big fan of using words to jawbone policy decisions.
Context
Goolsbee's remarks suggest a cautious Fed stance, indicating stability in the job market which may give them some leeway despite inflation concerns. However, his emphasis on monitoring inflation closely implies potential for policy adjustments if conditions worsen. This balancing act could keep market participants focused on future Fed meetings and their implications for rates and the USD.
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