The Chairman of the Federal Reserve Bank of Dallas, Robert Kaplan, noted on Monday that it expects job growth to be strong for the rest of the year despite the disappointing April labor market report. Reuters.
Featured statements
“The economic effect of the closure of the pipeline will depend on the duration of the closure; for now it is minimal.”
“The demand for these companies to hire is higher than what was reflected in the April jobs report.”
“If you have strong demand, monetary policy is limited in increasing supply.”
“As we get closer to further substantial progress, it will be healthy to start talking about tuning sooner rather than later.”
“It would be good to discuss the effectiveness of bond buying in the face of the side effects, the unintended consequences.”
Market reaction
The U.S. dollar remains on the defensive after these comments and the US Dollar Index was last seen shedding 0.16% on the day at 90.08.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
