The President of the Saint Louis Fed, James Bullardit said on Friday that second-quarter GDP was slightly lower than expected six to eight weeks ago, but noted that it still sees strong growth towards the end of the year, Reuters reported.
Featured statements
“Yet we expect 7% growth for the United States in 2021“.
“We see above trend growth for quite some time in the United States.”
“Productivity seems so much higher, it continues at the cusp as technology spreads.”
“There is overwhelming evidence of tight labor markets in the United States, which is reflected in the offers of hiring bonuses and other benefits.”
“The Non-Farm Payrolls Still Below Pre-Pandemic Levels Due to Supply Limits. We expect strong job growth in the future. “
“The employment could fully recover by next summer, which would meet the Fed’s condition to raise rates“.
Market reaction
The US Dollar Index rose slightly on these comments and was last seen rising 0.1% on the day to 91.97.
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