WH Adviser Bernstein: Jobs report underscores urgency of Biden coronavirus relief plan
|White House economic adviser Jared Bernstein said on Friday that the latest jobs report from the US underscores the cost of inaction while underscoring the urgency of US President Biden's coronavirus relief plan, as reported by Reuters.
President Biden is working on a robust infrastructure bill that is expected to receive bipartisan support, Bernstein added.
Breaking: US Nonfarm Payrolls rise by 49,000 in January, USD weakens modestly.
Market reaction
The US Dollar Index remains on the back foot following these comments and was last seen losing 0.37% on a daily basis at 91.20.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.