Fed Chairman Richmond: Labor supply looks like it will remain constrained
Tradehay.com: 02/12/2022 - 04:29
Speaking from Richmond Fed President Barkin:
• It will not be easy for the Fed to bring demand back into balance, especially with excess household savings and fiscal stimulus packages.
• Having fewer workers will hold back US growth.
• "I am increasingly afraid that we are moving into a period of less rush time in the near future"
• "I talked to a fast food brand, and they described how automation and robotics could cut store staff in half"
Reprinted from Tradehay，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.