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Fed’s Goolsbee says January jobs report was ‘almost breathtaking’ on surface

Por: MarketWatch Business February 03, 2024

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In particular, he noted that hours worked fell 0.2% last month despite the jump in net new jobs. Goolsbee sidestepped questions about whether the data meant there would be no interest rate cut at the central bank’s March policy meeting. “I don’t like to tie our hands ahead of time when we’ve got weeks and months of data to come in,” Goolsbee said. In a separate interview earlier Friday, former Fed Vice Chairman Richard Clarida said he... + full article



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