Feds Bullard on CNBC: it's early to expect big jobs growth

Author: Greg Michalowski | Category: Central Banks

Feds Bullard on CNBC

Feds Bullard on CNBC
  • Some inflation from 2021 will hang on in 2022
  • inflation 2022 could be 2.5%
  • economy growing very rapidly
  • it is a bit too early to expect strong job growth
  • supplemental unemployment insurance plays differently in different parts of the country
  • childcare and some fears of the pandemic are influencing employment decisions
  • Congress not mindful enough of different labor markets
  • I don't think we want to change policy while still in the pandemic tunnel. We are not there yet
  • I think the response was really good on the fiscal and monetary side through the pandemic
  • would like to see US get more out of the pandemic than it is to today to start the taper
  • the labor market is not fully recovered from pre-pandemic levels
  • housing market is extremely strong
  • Hope housing market solicits a supply response
  • Says a 75% vaccination rate would allow for the taper debate
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