Fed should pursue plan to trim pandemic stimulus, Bullard says – FT

FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York February 26, 2015. REUTERS/Lucas Jackson

(Reuters) – The U.S. Federal Reserve should go forward with a plan to trim its massive pandemic stimulus programme despite a slowdown in U.S. jobs growth last month, said James Bullard, the president of the St. Louis Federal Reserve Bank.

“There is plenty of demand for workers and there are more job openings than there are unemployed workers,” Bullard said here in an interview with the Financial Times newspaper.

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