Kugler: U.S. labor market stable, close to maximum employment

According to a report by Golden Ten Data, Federal Reserve Governor Greg Coogler said on Friday that the U.S. labor market is stable, and judging from the current unemployment rate of 4.2% and a series of other indicators, it is likely to be close to the Federal Reserve's goal of maximizing employment.
Coogler's remarks to Iceland's central bank did not address the economic outlook or monetary policy. Earlier this week, the Federal Reserve kept interest rates in a range of 4.25% -4.50%. Federal Reserve Chairperson Jerome Powell said that while President Trump's tariffs could raise unemployment and inflation, neither trend is evident in the data, so the Fed can wait and see how the economy is doing before taking any action.