US unemployment to fall 6 percent this year


(MENAFN) A Federal Reserve official said that unemployment rate in the USA is expected to drop by over 6 percent in 2014, according to Khaleej Times



James Bullard, president of the Federal Reserve Bank of St. Louis, said that the outlook for the US economy is "quite good," despite data from early in the year



Bullard, speaking on a panel at the annual Credit Suisse investor conference in Hong Kong, said: "The biggest thing is that unemployment has come down more quickly than expected.


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