WH Adviser Bernstein: Jobs report underscores urgency of Biden coronavirus relief plan

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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