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:HUD), 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.
