A stronger-than-expected April jobs report is expected to keep the Federal Reserve on hold as Kevin Warsh prepares to take over as chair in a week. “The April employment report…reinforces the view that the labor market is stabilizing, allowing the Fed to focus on policing the oil shock to ensure it is not contaminating underlying inflation more than expected,” said Marco Casiraghi, economic and central bank strategist for Evercore ISI. Payrolls added 115,000 jobs in April, trumping the 65,000 jobs analysts expected, as the unemployment rate held steady at 4.3%. Job gains, which have been concentrated mostly in the ... (full story)