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Additional Fed Harker Comments

FED
  • FACTORS LIMITING LABOR SUPPLY ARE TEMPORARY, Rtrs
  • UNEMPLOYMENT BENEFITS MAY BE AFFECTING SOME PEOPLE BUT IT'S NOT THE ONLY FACTOR, Rtrs
  • CHILDCARE AND ELDER CARE, ALONG WITH TRANSPORTATION ARE HOLDING SOME WORKERS BACK, Rtrs
  • UNEMPLOYMENT BENEFITS WILL RUN OFF OVER NEXT COUPLE OF MONTHS, Rtrs
  • IS MORE WORRIED ABOUT GIVING PEOPLE THE SENSE THAT IT'S SAFE TO RETURN TO WORK, Rtrs
However:
  • FED NEEDS TO FOLLOW THE PLAYBOOK OF REMOVING ACCOMMODATION CAREFULLY, METHODICALLY SO THAT WE DON'T SURPRISE MARKET, Rtrs
  • IS LOOKING FOR CONTINUED STRENGTH IN THE LABOR MARKET BEFORE FED STARTS TAPERING PROCESS, Rtrs

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