Federal Reserve Chairman Jerome Williams has expressed confidence in the labor market, saying it remains “solid” and that he will approach the upcoming September meeting with an “open mind.” This statement comes as Euro futures saw a 1.3% surge, marking their strongest session since April.
The jump in Euro futures was fueled by mixed U.S. payroll data and better-than-expected eurozone job numbers. Williams’ comments on economic growth in 2026 also sparked optimism, with many viewing it as a positive sign for the global economy.
However, not all analysts share Williams’ positivity. Some have called for Federal Reserve Governor Adriana Kugler to resign, citing her support for interest rate hikes. Kugler has announced her intention to step down from the Board of Governors, effective August 8, potentially paving the way for a new appointee under President Trump’s leadership.
Source: https://www.forexfactory.com/news/1354505-fed-williams-labor-market-still-solid-in-my