Fed's Fischer says jobs number close to Goldilocks ideal

October 7, 2016 11:42 AM EDT

Federal Reserve Vice Chairman Stanley Fischer attends a televised interview during the Federal Reserve Bank of Kansas City's annual Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming August 28, 2015. REUTERS/Jonathan Crosby


Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

WASHINGTON (Reuters) - Friday's jobs number was close to an ideal "Goldilocks" reading that showed the economy motoring ahead but not too fast to pose risks, Federal Reserve vice chair Stanley Fischer said on Friday.

"It's pretty close," Fischer said. The rate of job growth "is fully consistent with keeping unemployment declining" with a fixed labor force participation rate.

(Reporting by Howard Schneider)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Fed, Reuters

Add Your Comment