Fed Tapering Seen on Course Even as Job Growth Trails Forecasts
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Two months of weak payrolls growth are unlikely to knock the Federal Reserve off its path of gradual reductions in bond purchases, according to former Fed economists.
“The bar for slowing the taper is a lot higher than this,” Roberto Perli, a partner at Cornerstone Macro LP in Washington, said today after a government report showed payrolls rose by 113,000 in January after a gain of 75,000 the month before.