Economic news
Bullard: Improvement in labor force not happening fast enough to ease inflation
2022.04.07 17:33
FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su
(Reuters) – The U.S. labor force is not increasing fast enough to help with the Fed’s immediate battle with inflation, St. Louis Fed president James Bullard said Thursday, discounting the hope that a flood of new workers will improve the supply of goods and ease wage pressure.
“We are pulling people back into the labor force but that is a slow process and not something that is occurring at a high enough frequency to help us on the inflation dimension,” Bullard said.
