Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
NY FED’S JOHN WILLIAMS: LABOR MARKET STILL SOLID DESPITE SHARP DOWNWARD REVISIONS TO MAY & JUNE JOB GAINS — WSJ
new york fed john williams: labor market remains solid even after unusually large downward revisions to job gains for may and june-- wsj
I had a chance to sit down with NY Fed President John Williams earlier today where he gave his read on the job report — not overly troubled (“still solid place”) while acknowledging the revisions are “important information” about labor demand and supply. On the outlook: “I’m
New York Federal Reserve President John Williams said the U.S. labor market "remains solid" despite sharp downward revisions to May and June payroll gains. Speaking in an interview published 2 Aug., Williams called the revisions "important information" but maintained that hiring is still at a healthy level. Williams added that he will approach the Federal Open Market Committee’s September meeting with “an open mind,” underscoring a data-dependent stance on future rate moves. Looking further ahead, he expects economic tailwinds to strengthen and growth to pick up in 2026.
