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Top Fed official pushes for quick ‘taper’ despite weak US jobs growth

James Bullard, president of the St Louis Fed, has dismissed concerns the labour market recovery was faltering

©The Financial Times Limited 2020 Sep 8, 2021 / 01:14 PM IST
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Top Fed official pushes for quick ‘taper’ despite weak US jobs growth

James Bullard (file image)

Colby Smith in New York The Federal Reserve should press ahead with a plan to dial down its massive pandemic stimulus programme despite an abrupt slowdown in US jobs growth last month, according to a top central bank official. James Bullard, president of the St Louis Fed, dismissed concerns the labour market recovery was faltering, even after just 235,000 jobs were created in the month of August, and reiterated his call for the central bank to begin scaling back or “tapering”...

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