Fed’s Goolsbee: Powell has done a great job
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that, despite the low Initial Jobless Claims data, there is still strength in the job market in an interview with CNBC on Thursday.
Key takeaways
I'm not surprised by low claims data.
Data points to stability in job market.
There is still strength in jobs and overall growth is good.
The most important thing facing fed is need to get inflation back to 2%.
Rates can still go down a fair amount but need firm evidence of inflation retreat.
Expects to see Fed rate cuts this year, but needs data to affirm outlook.
Best thing about recent inflation data shows possible waning of tariff impact.
Services inflation not yet under control.
There's a lot of blame to go around for pandemic inflation surge.
Fed moved too slowly to combat inflation in pandemic.
Powell has done a great job navigating multiple challenges.
Growth is solid.
Infringing on central bank independence leads to high inflation."
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the British Pound.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.38% | 0.47% | 0.17% | 0.22% | 0.13% | 0.36% | 0.29% | |
| EUR | -0.38% | 0.09% | -0.22% | -0.15% | -0.25% | -0.01% | -0.08% | |
| GBP | -0.47% | -0.09% | -0.30% | -0.27% | -0.33% | -0.11% | -0.18% | |
| JPY | -0.17% | 0.22% | 0.30% | 0.04% | -0.04% | 0.16% | 0.11% | |
| CAD | -0.22% | 0.15% | 0.27% | -0.04% | -0.08% | 0.14% | 0.08% | |
| AUD | -0.13% | 0.25% | 0.33% | 0.04% | 0.08% | 0.24% | 0.15% | |
| NZD | -0.36% | 0.01% | 0.11% | -0.16% | -0.14% | -0.24% | -0.08% | |
| CHF | -0.29% | 0.08% | 0.18% | -0.11% | -0.08% | -0.15% | 0.08% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).