CHARLOTTESVILLE, Va. - Richmond Federal Reserve Bank President Jeffrey Lacker Friday said jobs growth in the U.S. is on a sluggish trend, and said the central bank's policymaking body should avoid numerical thresholds for monetary policy but use qualitative language to underscore its commitment to price stability.

Speaking to reporters after a lunchtime address at the University of Virginia, Lacker was asked about the mixed signals that appear to be emanating out of the jobs market. He said it appeared that in the second quarter job growth was fluctuating "around a sluggish trend," and with the September jobs report "I'm heartened that seems to be what's happening."

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