Fed's Bullard: Expecting unemployment to fall below 4% sometime in Q1

In an interview with Fox Business Network on Monday, St. Louis Fed President James Bullard said that he expects the US economy to grow by more than 4% in 2022, as reported by Reuters.

Additional takeaways

"It's one of the hottest labour markets in the post-war era."

"I expect unemployment to fall below 4% sometime in the first quarter."

"Not really looking at much improvement in the labour force participation going forward."

Market reaction

These comments don't seem to be having a significant impact on the dollar's performance against its major rivals. As of writing, the US Dollar Index was posting small daily gains at 94.15.