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12/3/2021, 3:22 PM (Source: TeleTrader)
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Fed's Bullard: US economic recovery is strong

Federal Reserve Bank of St. Louis President James Bullard stated on Friday that he believes the economic recovery of the United States is going strong.

As a result, Bullard noted that the Fed should start speeding up the tapering process, echoing the recent sentiment coming from many of his colleagues. He also noted that it is too soon to assess the impact of the Omicron variant on the economy.

On the topic of the economy, Bullard stated that recent data indicated that the labor market is very tight and likely to get strong, while the country's gross domestic product has recovered.

Baha Breaking the News (BBN) / OL