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Fed’s Bullard Says Influx of Workers Not Expected to Join Labor Force

Reuters (07/17/14) Michael Flaherty

St. Louis Federal Reserve president James Bullard’s labor-market views differ from those of U.S. Federal Reserve chairman Janet Yellen. Bullard says the labor market has recovered to prerecession levels, and the government should not expect an influx of new workers. He adds that interest rates may need to be raised soon. Yellen has said there is slack in the labor market.