Workforce improvement is not happening fast enough to reduce inflation By Reuters

© . FILE PHOTO: James Bullard, president of the St. Louis Federal Reserve Bank speaks at a public lecture in Singapore on Oct. 8, 2018. REUTERS/Edgar Su () – The U.S. workforce isn’t growing fast enough to aid in the direct battle of the Fed with inflation, James Bullard, president of the St. Louis Fed, said Thursday, rejecting hopes that a flood of new workers will improve the supply of goods and ease wage pressures. “We’re pulling people back into the workforce, but that’s a slow process and not something that happens at a high enough frequency to help us with the inflation dimension,” Bullard said.

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