Fed’s Goolsbee: Jobs data weak, but recession not imminent

Chicago Federal Reserve President Austan Goolsbee addressed the recent economic concerns in an interview with CNBC, noting that last Friday’s jobs numbers were “weaker than expected” but not yet indicative of a recession. He emphasized the Fed’s commitment to its core mandates: “The Fed’s job is very straightforward: maximize employment, stabilize prices and maintain financial […]

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