Fed’s Goolsbee Focuses on Unemployment Rate, Warns Against Overinterpreting Jobs Data

According to ChainCatcher, citing Jinshi News, Federal Reserve official Goolsbee stated that the current slowdown in job growth should not be overinterpreted, emphasizing that he places greater importance on data such as the unemployment rate. At present, the U.S. unemployment rate stands at 4.2%, which is historically low. Goolsbee pointed out that more data is needed to confirm the impact of tariffs on inflation, and mentioned that he will pay close attention to the upcoming wholesale price and broader inflation data to determine whether an interest rate cut is necessary.