Jobs News Chicago Fed S Goolsbee Says Jobs Data Weak But Not Necessarily Recessionary

Fed's Waller says weak job market justifies rate cut in December

U.S. firms have begun talking more frequently about layoffs as they plan for weaker demand and possible productivity gains from artificial intelligence, Federal Reserve Governor Christopher Waller ... Read More

Fed’s Waller Says Economy Feeling The Squeeze — Upcoming Jobs Data Won’t Dissuade Him From Bating For December Rate Cut

Waller wasn’t worried about inflation accelerating or inflation expectations rising significantly. ・He noted that slowing labor demand was underscored in surveys of employers and workers. ・The next ... Read More

Fed’s Goolsbee Says He’s Uneasy About Rate Cuts Without Data

Federal Reserve Bank of Chicago President Austan Goolsbee said a lack of inflation data during the government shutdown makes him more uneasy about continuing interest-rate cuts. Read More

Fed’s Goolsbee Says He’s ‘Even More Uneasy’ About Cutting Rates Amid Lack Of Inflation Data Due To Government Shutdown: Report

Federal Reserve Bank of Chicago President Austan Goolsbee reportedly said on Thursday that the lack of inflation data due to the ongoing U.S. government shutdown makes him “even more uneasy” about ... Read More

Fed's Powell Says Economy May Be on Firmer Footing, but Job Market Weak

PHILADELPHIA (Reuters) -The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory than expected," ... Read More

Fed's Goolsbee, Cook, Daly join growing chorus of officials undecided on December rate cut

Chicago Federal Reserve president Austan Goolsbee said he is undecided about whether to cut interest rates again in December. The threshold for cutting again is higher, he said, given inflation ... Read More

Fed's Goolsbee Points to a Troublesome Sign in Inflation Data

Two economic readings spooked Chicago Federal Reserve President Austan Goolsbee before the government shutdown blacked out federal data on inflation and jobs. “What knocked me for a little bit of a ... Read More

Fed's Goolsbee: lack of inflation data argues for going slow

Chicago Federal Reserve President Austan Goolsbee on Thursday said the lack of official data on inflation during the government shutdown "accentuates" his caution about cutting interest rates further. Read More

Bitcoin, XRP tanks after Fed's Goolsbee said he is 'nervous' about inflation

The crypto market saw a sharp correction on Nov. 3 after Federal Reserve official Austan Goolsbee said his threshold for cutting in December is higher than at previous meetings, dampening investor ... Read More