Fed's Goolsbee: Data points to stability in job market

Fed's Goolsbee emphasized that current data points to stability in the job market, which is critical in the discussion around inflation control. He noted that inflation in services remains a challenge and mentioned the need to bring inflation back to 2%. While he expects the Fed might implement rate cuts this year, such moves will depend on clear evidence of inflation decreasing. Goolsbee highlighted the mitigation of tariff impacts reflected in recent data, suggesting a positive shift for economic policy. He maintained that strength in jobs and overall growth is persisting, which needs careful monitoring.