Olson: Expansion Depends on Jobs

Siegel, Gary E.
November 2004
Bond Buyer;11/16/2004, Vol. 350 Issue 32011, p2
Trade Publication
The article reports that Mark W. Olson, the U.S. Federal Reserve Board Governor, said that the country's labor market holds the key to continued economic expansion. He told that the Federal Open Market Committee will continue to raise interest rates and the removal of accommodation will likely proceed at a measured pace. He said that the sustainability of expansion will depend importantly on the pace of improvement in the labor market. He also said that despite last month's impressive gains in non-farm payrolls, one month of data does not make a trend.


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