“In principle, many temporary laid-off workers could be recalled in the second half of the year, we could see a pretty dramatic drop in unemployment,” Federal Reserve Chairman James Bullard told Bloomberg on Thursday. .
“We are definitely in this phase of strong growth,” added Bullard and noted that he hopes the unemployment rate will continue to fall much faster than it has in previous recessions.
These comments have been largely ignored by market participants. At the time of writing, the US dollar index was showing small daily gains near 93.00.