US Federal Reserve Bank of New York President John Williams has described the US labor market as strong but showing signs of slowing down. Job growth is slowing, and some sectors are catching up from earlier shortages. Despite this, inflation remains above the Fed’s 2% goal mainly due to tariffs.
However, Williams emphasized that unemployment rates and other key indicators still point to a solid job market. He notes that recent downward revisions to job numbers and slower private-sector gains do not signal a sharper slowdown than currently observed in broader data.
Williams is echoing Minneapolis Fed President Neel Kashkari’s view, stating that the Fed will rely on the entirety of the data when deciding whether to ease its current policy.
Source: https://breakingthenews.net/Article/Fed’s-Williams:-Inflation-expectations-stay-anchored/64577689