Fed’s Goolsbee Sees Solid Hiring and Wage Growth Aligned With 2% Goal

Federal Reserve policymaker Austan Goolsbee said the U.S. labor market remains "pretty solid," highlighting continued hiring strength despite a prolonged campaign of interest-rate increases. Wage growth, he added, is now broadly in line with the central bank’s 2% inflation goal, suggesting pay gains are no longer exerting upward pressure on prices. Goolsbee also expressed confidence in the economy’s ability to integrate artificial-intelligence technologies, characterizing the outlook for productivity gains from AI as positive. His remarks offer a generally upbeat assessment of both employment conditions and the longer-term growth potential of the U.S. economy.