Federal Reserve's Kugler: U.S. Labor Market Stable, Nearing Maximum Employment

According to a report by Jinse Finance, citing Jinsan Data, Federal Reserve Governor Kugler stated on Friday local time that the U.S. labor market is stable. Judging from the current 4.2% unemployment rate and a series of other indicators, it is likely close to the Federal Reserve'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 kept interest rates in the range of 4.25%-4.50%. Federal Reserve Chairman Powell indicated that although President Trump's tariffs might 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 develops before taking any action.