James Bullard, president of the Federal Reserve Bank of St. Louis, said in an interview that despite weak U.S. job growth last month, the Fed should continue to scale back its massive stimulus response to the epidemic, according to the Financial Times.
He disagreed with doubts about a faltering labour market recovery and reiterated his call for the Fed to start scaling back its bond-buying program.
Brad says there is a high demand for workers and there are more job openings than unemployed workers. If the supply and demand of workers and employers can be balanced and the epidemic is brought under control, the labour market entering 2022 looks "very strong".
Brad said the "big picture" is that code reduction will begin this year and end in the first half of 2022.