Dallas Fed President Agrees Tapering is Right Course

Despite another anemic jobs report, central bankers are on the right course with tapering their monthly bond purchases, Dallas Fed President Richard Fisher told CNBC on Friday.
“They are not swayed by a single number,” said the hawkish Fisher, a voting member this year on the policy-setting Federal Open Market Committee.

Ahead of the report, he predicted on “Squawk Box” that weather was going to be a factor. “You’re going to have a step back every now and then.” But he added. “The real question is momentum in the economy. And it has been picking up.”

The Labor Department said the economy added 113,000 nonfarm jobs, as the cold and snowy winter dampened hiring. The jobless rate fell to 6.6 percent—a function of a continued decline in the labor force.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza