Reported 4 months ago
Federal Reserve Governor Adriana Kugler stated that the U.S. labor market is stable and likely close to maximum employment, with an unemployment rate of 4.2%. Her comments were made during remarks to the Central Bank of Iceland and did not discuss economic outlook or monetary policy. The Fed maintained short-term borrowing costs between 4.25% and 4.50%, with Fed Chair Jerome Powell noting no immediate impact from tariffs on unemployment or inflation.
Source: YAHOO