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Fed Chairman Richmond: Labor supply looks like it will remain constrained

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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"

Fed Chairman Richmond: Labor supply looks like it will remain constrained

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