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According to the data suggest that the pace of US job growth is still very slow. In April, the labor market added only 115,000 new jobs.
Speaking before a group of business executives and community leaders. Director Richmond Fed, Jeffrey Lacker, said investing in vocational training will provide more opportunities for workers than any economic stimulus measures short-term.
Mr. Lacker said: "If unemployment increase reflects fundamental factors rather than the shortfall in spending, then the stimulus measures so creating a very limited effect on unemployment count. instead, they only increase the risk a spur inflation. "
this year, three-time Mr. Lacker disagreed with policies to keep interest rates near 0% at least until the end of 2014 the Fed. Mr. Lacker believes that interest rates will have to rise in the middle of next year.
In order to cope with the worst recession after several generations, the Fed has lowered interest rates to near 0% in 12/2008 and buyers from around 2.3 trillion dollars in treasury bonds and mortgage bonds to curb long-term borrowing costs.
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