He is on tape fondling a young girl in approximately during a photo shoot, his daughter admin to inappropriate showers together and he admits to allows children to run his legs...
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During a September 4, 2025 speech, Federal Reserve Bank of New York President John Williams stated that job market turnover has "really slowed down," pointing to a gradual cooling in the labor market to more sustainable pre-pandemic levels. His remarks cite reduced hiring and quits rates, fewer job openings, and a general normalization of conditions after an extremely tight market in 2021 and 2022.
Key takeaways from Williams's remarks:
More balance: Williams said the labor market is now "roughly in balance," noting that it is no longer contributing to inflationary pressures. This indicates success for the Fed's strategy of slowing the economy to bring down inflation without causing a steep rise in unemployment.
Reduced turnover: Data show that the hiring and quits rates have returned to pre-pandemic levels, signifying that workers have less leverage to change jobs, a sharp contrast to the "Great Resignation" period.
Mixed signals: While acknowledging the slowdown in job growth and GDP, Williams expressed optimism about the overall economic state, expecting a continued trend of slower, more sustainable growth.
Effect on policy: Williams's observations carry significant weight for monetary policy, though he provided no specific timeline for interest rate changes. The gradual cooling of the job market and moderating inflation raise the possibility of future interest rate cut
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