Fed’s Clarida: We’ve made progress on the labor market

Commenting on the US jobs scenario in an interview with CNBC late Friday, Federal Reserve Vice Chair Richard Clarida said, “We’ve made progress on the labor market.”

Additional quotes

“Expect further gains in the autumn.”

“I don’t think it takes 800K gains in jobs but it will take robust gains.”

“Inflation is very likely to be largely transitory.”

“Bottlenecks are larger than I expected but inflation will move back to our longer run goal.”

‘Repeats inflation risks are to the upside.”

“We’ll get a better reading on whether the labor market is in the autumn.”

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