Federal Reserve Governor Kugler states that the U.S. labor market is stable, with an unemployment rate of 4.2%

According to Deep Tide TechFlow, on May 9, Federal Reserve Governor Kugler stated that the U.S. labor market is stable, with an unemployment rate of 4.2%, close to the Federal Reserve's maximum employment goal.

Kugler's speech at the Central Bank of Iceland did not address economic outlook or monetary policy. This week, the Federal Reserve will maintain interest rates at 4.25%-4.50%.

Federal Reserve Chair Powell stated that President Trump's tariffs could increase unemployment and inflation rates, but current data does not show a clear trend, and the Federal Reserve will wait to see how the economy develops before taking action.