Fed's Fischer Says Jobs Number Close to Goldilocks Ideal

Economic IndicatorsReuters

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.

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"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)

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