Market news
19.05.2021, 14:57

St.Louis Fed president Bullard: U.S. labor market is tighter than is being represented

  • U.S. has a big economic boom going on
  • I wouldn't be surprised if 2021 GDP estimates were raised from +6.5%
  • I would like to see more inflation data before changing my forecast. The data is very noisy
  • I think inflation will remain above 2% in 2022 but that will be consistent with framework
  • Fed will tolerate inflation above 2% throughout 2022
  • Fed should be nimble as pandemic draws to a close
  • Labor market is tighter than is being represented
  • Jobs out there when people feel it is appropriate to return
  • Expectations of a million jobs per month have been hyped up, half a million is more realistic
  • Trading in inflation-protected securities shows faith in the Fed's inflation outlook
  • We're going to have to allow higher inflation in the boom time than we normally would have
  • I will leave it up to the chair Powell to determine when to start the taper talk

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