Bullard: Tapering more likely if jobs improve

Bullard: Tapering more likely if jobs improve

Nonfarm payrolls rose by an average of about 184,000 per month from September 2012 to August 2013, up from an average of about 141,000 jobs per month from March 2012 to August 2012. “To the extent that these two important labor market indicators continue to show improvement, the likelihood of tapering policy action will continue to rise,” Bullard said.

The Federal Open Market Committee, of which Bullard is a voting member, surprised many market participants on Wednesday by maintaining its $85 billion in monthly bond purchases, defying expectations for a small reduction of around $10 billion. The S&P 500 SPX -0.44%  and the Dow Jones Industrial Average DJIA -0.57%   rallied to all-time highs after the decision, while Treasury yields tumbled.

Bulklard knows this is pure BS. Obama care is a job killer and these mouth pieces know it. The goal here is keeping you just where they want you to be, nothing lost nothing gained just well maintained.


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