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February 19, 2014
During a Wall Street Journal interview, St. Louis Fed President James Bullard said that most of the decline in U.S. labor force participation has roots in demographic changes in the labor force. Therefore, the signal coming from the decline in unemployment can be taken as a real signal about improvement in the labor market.
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President and Chief Executive Officer
Executive Assistant to the President
Senior Vice President and Chief of Staff to the President
Cletus C. Coughlin
Senior Economist and Special Assistant to the President
"Rationally, let it be said in a whisper, experience is certainly worth more than theory."