M Cary Leahey, Senior Advisor at Decision Economics speaks about the steady growth in US jobs and what it means for the economy. He says the lower than expected jobs data should not impact market much because there is no drop in the effective work week
It is pretty obvious that the White House wants Larry Summers, White House staff former Robert Rubin disciples want him and the President wants to go with someone they are comfortable with, but Janet Yellen is more experienced, says M Cary Leahey, Senior Advisor, Decision Economics.
According to M Cary Leahey, the Federal Reserve is likely to pullback monetary stimulus as long as the US jobs data improves.