Fed should pursue plan to trim pandemic stimulus, Bullard says

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Fed should pursue plan to trim pandemic stimulus, Bullard says - FT

Stock Markets Sep 08, 2021 12:30AM ET

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Fed should pursue plan to trim pandemic stimulus, Bullard says - FT

(Reuters) - The U.S. Federal Reserve should go forward with a plan to trim its massive pandemic stimulus programme despite a slowdown in U.S. jobs growth last month, said James Bullard, the president of the St. Louis Federal Reserve Bank.

"There is plenty of demand for workers and there are more job openings than there are unemployed workers," Bullard said https://www.ft.com/content/7c2fc0ce-e7c0-4083-92e8-e81d9235ab45 in an interview with the Financial Times newspaper.

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Comments (2)

Larry Langley Sep 08, 2021 4:42AM ET

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maybe the better choice would send hawks looking to fill these jobs and replace them with someone that does their job instead of weekly interviews, and do the job and shut up.

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Joel Schwartz Sep 08, 2021 12:56AM ET

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Too bad all the inflation the FED has created makes going back to your old job a pipe dream. When your costs of living increase 20-30%, going back to work for the same wages is an pay cut. Nobody can afford to live in cities and work a minimum wage job any more. It takes 93 hours a week of minimum wage to afford a 1BR apartment in Florida. Why even bother?

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Gene Cao Sep 08, 2021 12:56AM ET

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You paying over $3,720 an month for a 1BR in Florida?

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Fed should pursue plan to trim pandemic stimulus, Bullard says - FT

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