United States New York Federal Reserve President Dudley (William Dudley) Friday (May 6), United States labor market is improving, economic recovery will accelerate, and inflation expectations have remained stable, underlying inflation close to the Federal Reserve (FED) goals.
Dudley pointed out that the United States April employment data show the job market is further improved and is expected to continue to grow in the months ahead. Improve the labour market will help boost the housing market, the unemployment rate will be " over a period of time; stubbornly " is high, and unemployment fluctuations is too large, level of unemployment is difficult to predict the end, even if added 300,000 new jobs each month, United States at the end of the job market still has a lot of idle.
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Dudley believes that fed off the policy objectives of economic growth and price stability is still some distance, the Fed is pay close attention to inflation expectations, inflation expectations have remained stable, but it's important to make sure that " is not out of control ". In addition, commodity prices rose almost did not move to core inflation, core inflation remained below the Fed's optimal level. Base closer to the Fed's target for inflation, may be further increased.
Dudley said the Fed was closely following the commodity market, but he declined to comment on the fluctuation of commodity markets and the prospects for monetary policy.
United States Department of Labor (DOL) data showed Friday, United States after the April quarter adjusted non-agricultural employment increase of 244,000 persons, expected to increase of 186,000 persons, in March to increase 221,000; manufacturing employment after the April quarter adjusted increase of 29,000 persons, expected an increase of 19,000 persons in March to increase of 17,000 persons; unemployment rate for the 9%, expected to be 8.8%, per cent in March.
