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Fed's Goolsbee tells CNBC that job market is holding in

By Reuters Reuters
FILE PHOTO: Chicago Federal Reserve President Austan Goolsbee participates in a session titled "The Future of Global Finance" during the Semafor World Economy conference in Washington, D.C., U.S., April 14, 2026. REUTERS/Elizabeth Frantz/File Photo
FILE PHOTO: Chicago Federal Reserve President Austan Goolsbee participates in a session titled "The Future of Global Finance" during the Semafor World Economy conference in Washington, D.C., U.S., April 14, 2026. REUTERS/Elizabeth Frantz/File Photo Elizabeth Frantz Reuters

Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front.

The job market has been "stable without being good" and "I still think there's not a lot of evidence that the job market is falling apart," the official said in a CNBC interview. "And on the other side of the Fed's mandate, inflation hasn't been great, and it's been going the wrong way lately" and it's not clear how much higher price pressures will go, he said.

(Reporting by Michael S. Derby)

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 8, 2026 at 8:26 AM.

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