Bullard sees jobless rate below 6.5% in June 2014

[admin]

Bullard sees jobless rate below 6.5% in June 2014
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) -- The unemployment rate could fall below 6.5% in June 2014, the threshold the Federal Reserve has set to consider a rate hike, said St. Louis Federal Reserve Bank President James Bullard on Thursday. Fed officials have said a 6.5% unemployment rate would not be a trigger for a rate hike but would spark discussion of a potential move. In a speech at New York University's School of Business, Bullard said that the unemployment rate is a key signal of the health of the labor market but other data would also be importantin deciding whether to tighten.