St. Louis Fed President James Bullard He said Wednesday that he will leave the time for discussion on the phase-down to FOMC Chairman Jerome Powell, but added that he would like to see more evidence that the pandemic is over, he reported. Reuters.
Featured statements
“The new CDC guidance is likely to carry growth into the beginning of the year.”
“The job market is tighter than previously thought, there are jobs when people feel it is appropriate to go back.”
“It is not clear that labor force participation will return to pre-pandemic levels given the pace of retirements.”
“The expectations of a million jobs a month are exaggerated, half a million more realistic.”
“Trading in inflation-protected securities shows faith in the Fed’s inflation outlook.”
“The Fed should be nimble as the pandemic comes to an end.”
“I don’t want to start looking for a change in policy than having to reverse course if the virus resurfaces.”
Market reaction
The US Dollar Index did not show an immediate reaction to these comments and was last seen posting small daily gains at 89.83.
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