James Bullard is the president and CEO of the Federal Reserve Bank of St. Louis. With the delta variant and inflation on the rise, the economic recovery has hit a bumpy patch as concerns about masks and vaccines return to the forefront. Bullard, who leads one of the 12 Federal Reserve Banks, sits down with Washington Post economics correspondent Heather Long to discuss the Fed’s economic solutions and efforts to ease Americans’ concerns. Join Washington Post Live on Wednesday, Aug. 4 at 9:00am ET.
Oh yeah, this will be super good to watch!!! Gold Bears assemble!
Now talking seriously data is bad, NFP super bad, but expected cause we are in holidays and culture beats everything, politics, economy, businesses... So data will get better in September, anyway it's important to start taking action to lower inflation, and we can't expect that some industries will ever change, like tourism, it will never be the same... I know never is a hard heavy word but people are looking to new, safe, nature thing which is not the accumen of USA that enjoys buildings and big cities...
So yeah purchases should start to decrease so business feel the pressure also to change and adapt to new times, and interest rates should increase cause people with the money support just got lazy, why anyone would get a job if they have money...
I think it's time to only follow what society wants but also teach society to understand what they should want, easy times make easy people, hard times make strong people.