Goolsbee says steady jobs market keeps inflation as Fed priority
Economic Times 1 hr ago·5 Oct 2026, 8:16 am
Chicago Fed President Austan Goolsbee said the latest employment numbers show the US labour market remains solid, with hiring and wage growth holding up. He noted that despite this stability, inflation has not eased enough to be the Fed’s main concern.
For investors, the comment signals that the Federal Reserve is likely to keep its focus on price stability. Even with a strong jobs picture, the Fed may hesitate to cut rates until inflation shows a clear, sustained move toward the 2% goal, which could keep borrowing costs higher for longer.
Market participants should watch upcoming CPI releases, the Fed’s next policy‑meeting minutes and any further remarks from Fed officials. A shift in inflation trends or new labour data could tip the balance toward a rate change or a pause.
Key takeaways
- Category: Economy.
- Flagged as a high-impact, market-moving story.
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