Wall Street analyst: Fed jumped the gun

Published January 10, 2014 5:00am ET



Friday’s poor jobs report shows that the Federal Reserve, in one of Chairman Ben Bernanke’s final moves, may have moved prematurely to begin ending support for the slumping economy, suggests a top Wall Street analyst.

Lindsey Piegza, the chief economist of Chicago’s Sterne Agee, said that the employment report probably won’t prompt the Fed to shift, but will result in some heated debate about the future.

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