Fed’s Williams says still difficult to find workers in U.S. economy
2022.10.21 09:30
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© Reuters. FILE PHOTO: A pedestrian passes a “Help Wanted” sign in the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder
By Michael S. Derby
HUDSON, N.Y. (Reuters) – Finding workers remains a challenge in the U.S. economy, New York Federal Reserve President John Williams said on Friday.
“In the current environment, filling jobs can be a challenge,” Williams said in prepared remarks for a speech in Hudson (NYSE:), New York. “Many are struggling to hire people, especially at the entry level in construction, nursing, and manufacturing,” he said, adding that “the skills gap is a big obstacle.”
Williams, who serves as the vice chair of the rate-setting Federal Open Market Committee, did not comment on the monetary policy outlook in his prepared remarks.
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