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Fed's Bullard Pushes For Quick ‘Taper’ Despite Weak U.S. Jobs Growth (FT)

FED
James Bullard, president of the St Louis Fed, dismissed concerns the labour market recovery was faltering, even after just 235,000 jobs were created in the month of August, and reiterated his call for the central bank to begin scaling back or "tapering" its massive $120bn-a-month bond-buying programme soon.
  • "There is plenty of demand for workers and there are more job openings than there are unemployed workers," Bullard said in an interview with the Financial Times. "If we can get the workers matched up and bring the pandemic under better control, it certainly looks like we'll have a very strong labour market going into next year."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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