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MNI INTERVIEW: Worries Over US Jobs Weakness Overdone- Bullard

Former St. Louis Fed President James Bullard reviews the U.S. economic outlook ahead of the July Fed meeting.

MNI (WASHINGTON) - U.S. employment conditions are normalizing as expected after overheating for months in the post-Covid economy, and talk of a significant risk of recession is overblown, former St. Louis Fed President James Bullard told MNI. 

It will be further disinflation rather than labor market weakness that spurs the beginning of monetary easing by the Federal Reserve, Bullard said. Whether that happens in September or later depends on the next two inflation reports. 

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MNI (WASHINGTON) - U.S. employment conditions are normalizing as expected after overheating for months in the post-Covid economy, and talk of a significant risk of recession is overblown, former St. Louis Fed President James Bullard told MNI. 

It will be further disinflation rather than labor market weakness that spurs the beginning of monetary easing by the Federal Reserve, Bullard said. Whether that happens in September or later depends on the next two inflation reports. 

Keep reading...Show less