Fed's Fischer Says Jobs Number Close to Goldilocks Ideal

The Fed Reuters

U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York March 23, 2015. REUTERS/Brendan McDermid (Copyright Reuters 2016)

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.

Continue Reading Below

"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)

What do you think?

Click the button below to comment on this article.