U.S. job creation totaled 254,000 in September, much better than expected

Good morning. Let me welcome you to the Federal Reserve Bank of New York and to our second Future of New York City conference. And thank you to the speakers, participants, and organizers who make this such a valuable forum. This year we are celebrating the centennial of this landmark building here at 33 Liberty Street. We are proud of our history as a downtown anchor institution and look forward to the next 100 years. Before I go further, let me give the standard Fed disclaimer that the views I express today are mine alone and do not necessarily reflect those of the Federal Open Market Committee (FOMC) or others in the Federal Reserve System. It was not too long ago—a little over four years back—when some predicted that the future of New York City was quite bleak. Others even went as far to declare that New York City is dead forever. Well, that forecast didn’t age well. I imagine those of you sitting right here in this auditorium would agree with me. Just to get here this morning, you likely had to catch a ride on a crowded subway, train, bus, or ferry. Or maybe you were brave enough to drive over a bridge or through a tunnel and then search for parking. Perhaps you stood in a long line waiting for coffee or a pastry, or dodged tourists taking a photo right in the middle of the sidewalk. I won’t even mention the e-scooters and bikes. And it’s only 9:00 a.m. That’s because New post: FED'S WILLIAMS DOES NOT COMMENT ON MONETARY POLICY OR ECONOMIC OUTLOOK IN PREPARED REMARKS FOR CONFERENCE.