Rupkey Says Jobs Gains Mean End of Zero Rate Fed Policy (Audio)

Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi, says the steady growth of employment, including today’s increase of 281,000 workers in June, reported by the ADP Research Institute, should finally convince people the economic recovery is genuine and may have the Federal Reserve rethinking its gradual move to tighten up monetary policy. He says if tomorrow’s government employment report for June shows another gain in non-farm payrolls of 200,000 plus, it will put one more nail in the coffin of the Federal Reserve’s zero interest rate policy. Rupkey speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage".

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