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Fed's Bullard: Expectations of 1 million jobs a month "hyped up," half a million more realistic

Published 05/19/2021, 11:10 AM
Updated 05/19/2021, 11:18 AM
© Reuters. FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo

WASHINGTON (Reuters) - Expectations of a surge of job growth topping one million per month is "hyped up," with a half million jobs a month more realistic amid a potentially slow recovery of labor force participation, St. Louis Federal Reserve president James Bullard said on Wednesday.

"I do think the labor market is tighter than is being represented" in part because some of the workers who left jobs at the onset of the pandemic are likely gone from the labor force for good, Bullard said, noting a rise in retirements.

Latest comments

True Peter
You will still have to raise Rates no what you say. The scam is over.
how on earth are they going to raise???
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