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Fed's Bullard says labor market has 'some room to run'

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WASHINGTON (Reuters) - The U.S. labor market is not yet near the point of getting too tight as unemployed people are still being attracted off the sidelines and into jobs, St. Louis Fed President James Bullard said on Wednesday.

“We’ve got some room to run on that if you’re worried about the labor market overheating,” Bullard said following a speech given to an audience of financial analysts in Chicago.

“So I am modifying my views again a little bit about labor force participation,” he added. “I do think when you get a very good labor market like we have today you do get people to rethink their labor force participation decision.”

Reporting by Lindsay Dunsmuir; Editing by Chizu Nomiyama

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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