President Bullard Speaks with CNBC, Part 1: U.S. Labor Market
August 6, 2018
In London, St. Louis Fed President James Bullard shared his views on the U.S. labor market, the yield curve, trade and the impact of higher oil prices on the U.S. economy. He spoke Aug. 6 during an interview on CNBC’s Squawk Box Europe.
He said that, in his view, the U.S. job situation continues to impress, and with unemployment ticking down, he expects more people to come into the labor market. He also explained that to see real wages increase and output continue to grow at its current rate, productivity growth will have to go back up.