Fed's Barkin: Labor supply looks like it will remain constrained

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Fed's Barkin: Labor supply looks like it will remain constrained

<ul><li>Fed's efforts to bring demand back into balance won't be easy, particularly with household excess savings and fiscal stimulus</li><li>Fewer workers would contain US growth</li><li>"Increasingly, I fear we are moving to an environment where labor is short, not long."</li><li>"I talked to a fast-food brand that described how automation and robotics could reduce store staffing by half"</li><li><a href="https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2022/barkin_speech_20221202" target="_blank" rel="nofollow">Full text</a></li></ul><p>The biggest question in the world right now is whether an aging demographic will be inflationary or deflationary and the answer has implications for every asset class in the world. </p>

                This article was written by Adam Button at forexlive.com.

Source: Fed's Barkin: Labor supply looks like it will remain constrained

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