Fed vice-chair calls US labour market ‘anaemic’
However, Williams also expects economy to ‘pick up steam’ over coming years
The vice-chair of the Federal Reserve has called job growth in the US “anaemic” and said labour demand is softening more than supply.
In a speech on December 15, John Williams said that although the labour market was “clearly cooling”, this had been “an ongoing, gradual process, without signs of a sharp rise in layoffs or other indications of rapid deterioration”.
Williams voted with the majority of members of the Federal Open Market Committee (FOMC) to cut rates by 25 basis points at last week’s
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