More from San Francisco Fed President John Williams
Earlier comments are here
He is taking audience questions now
- 80% of the drop in labor force participation is structural
- We're seeing positive sings from the labor market
- Number of people working part-time is still elevated
- Student debt is enormous and has grown rapidly
- High student debt may weigh on spending confidence
- Lot of student debt out there may never be repaid
There isn't much to go on there from Williams, he's not telling us anything we aren't already familiar with. Which I guess means he is doing a good job as a central banker.
