The US labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.
The US labor market is back on its feet, strong employment data showed Friday, stoking concerns of another inflation sting and bolstering arguments from some Federal Reserve officials that they may need to raise interest rates later this year.
Fed Chairman Kevin Warsh shakes hands with US President Donald Trump during a swearing-in ceremony in the East Room of the White House in Washington on May 22, 2026.
Federal Reserve Bank of Cleveland President Beth Hammack said it may soon be appropriate to raise interest rates as the labor market appears to be in balance.
Federal Reserve Bank of Cleveland President Beth Hammack said it may soon be appropriate to raise interest rates as the labor market appears to be in balance.
Federal Reserve Bank of Cleveland President and CEO Beth Hammack
Anmelden
