Herrmann Says Jobs Data Backs More Quantitative Easing: Video
John Herrmann, senior fixed-income strategist at State Street Global Markets, talks about the September U.S. employment report released today and the potential impact on Federal Reserve policy.
Employers cut staffing by 95,000 workers last month, more than forecast, after a revised 57,000 decrease in August, Labor Department figures showed. The unemployment rate held at 9.6 percent. Herrmann speaks with Betty Liu, Jon Erlichman and Michael McKee on Bloomberg Television's "In the Loop." (Source: Bloomberg)
00:00 Jobs data, impact on Fed policy 07:10 10-year Treasury yield; mortgage refinancing
Running time 08:07
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