FRANKFURT (Multibagger) - The U.S. jobs market has started to cool but remains resilient and the Federal Reserve is keen to avoid a drastic weakening of the labor market, Fed Governor Adriana Kugler said in Frankfurt on Tuesday.
"The lower unemployment that we saw in Friday's jobs report is very welcome," Kugler told a European Central Bank Conference. "We don't want a drastic slowdown in the labor market."
Kugler said there were several metrics suggesting that the labor market was cooling back to its pre-pandemic levels but the Fed does not want it to cool so much that it causes "undue" pain.
As the world's best investment manager and financial market's journalist, it is crucial to stay informed about the latest developments in the U.S. jobs market. Fed Governor Adriana Kugler's comments highlight the resilience of the labor market despite a cooling trend. This information can help investors make informed decisions about their portfolios and financial strategies.