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April 17, 2021

policy

Fed’s Waller says the economy is ‘ready to rip’ but policy should stay put

CNBC
CNBC – For more and to sign up click here Federal Reserve Governor Christopher Waller said Friday he sees the U.S. economy as set to take off, though not at a fast enough pace that the central bank should start tightening policy. “I think the economy is ready to rip,”......

Lawsuit alleges Olive Garden parent’s tipping policy causes racial discrimination, sexual harassment in latest push against tipped minimum wage

CNBC
CNBC – For more and to sign up click here Signage outside an Olive Garden restaurant in Thornton, Colorado, on Friday, March 19, 2021. Chet Strange | Bloomberg | Getty Images Advocacy group One Fair Wage is suing Olive Garden parent Darden Restaurants, alleging the company’s tipping policy encourages sexual......

Biden’s risky decision to end America’s longest war gives him a chance to refocus US foreign policy

CNN
USA TODAY – For more and to sign up click here Biden administration officials said Tuesday that the President has ordered the remaining 2,500 or so troops in the country to begin a drawdown before May 1 and that all should be gone by the 20th anniversary of the 9/11......

Congress faces jam-packed agenda as Democrats confront divisions over legislative policy and strategy

CNN
USA TODAY – For more and to sign up click here Perhaps Democrats’ best chance of making a law is over a bill aimed at combating the rise of hate crimes against Asian Americans, but even that is facing resistance from some Senate Republicans who are trying to block the......

Biden’s China policy is tougher on financial firms than Trump’s was, report says

CNBC
CNBC – For more and to sign up click here The “Fearless Girl” sculpture is seen outside the New York Stock Exchange (NYSE) during a snow storm in New York, February 1, 2021. Brendan McDermid | Reuters BEIJING — As U.S.-China tensions continue to simmer under a new administration, risks......

Fed officials expect it will be ‘some time’ before it starts tightening policy, minutes show

CNBC
CNBC – For more and to sign up click here Federal Reserve officials indicated at their last meeting that the pace of asset purchases is unlikely to change anytime soon while the central bank pursues its economic goals. The Federal Open Market Committee on Wednesday released minutes from the March......

Fed presses ahead on policy debate as economy takes off

Reuters
WASHINGTON (Reuters) – Last month’s U.S. Federal Reserve meeting showed policymakers were universally optimistic in their overall economic outlook, but divisions among them over how much longer to keep massive central bank support in place were on display Wednesday. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured......

How a battery plant dispute in Georgia pits Biden’s climate goals against U.S. trade policy

Politico
Politico.com – For more and to sign up click here One of the factories slated to help meet that demand is a $2.6 billion plant in Commerce, Ga., being built by South Korean battery maker SK Innovation. If the plant is completed, the firm says, it will employ 2,600 workers......

The Fed could come under fire for easy policy while the economy soars and inflation rises

CNBC
CNBC – For more and to sign up click here Chairman of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh | Reuters As the economy booms over......

Fed’s Mester lauds jobs report, but says loose policy is staying put

CNBC
CNBC – For more and to sign up click here Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | Getty Images March’s strong job gains weren’t enough to convince Cleveland Federal Reserve President Loretta Mester that it’s time to......

Wesleyan University sued over coed housing policy

CBS News
CBS News – For more and to sign up click here Wesleyan University sued over coed housing policy – CBS News Watch CBSN Live A judge will begin to decide whether Delta Kappa Epsilon’s frat house can continue to exist on campus next year at Wesleyan University. The university plans......

Louisiana tax system reinforces racial disparities: Policy paper

WashingtonExaminer
USA TODAY – For more and to sign up click here Poor Louisiana households pay a bigger share of their income in state and local taxes than richer households, which helps to reinforce longstanding racial disparities, an advocacy group argues in a new policy paper. Thanks largely to high sales......

Euro zone inflation bounce masks weak trend: Lane

Reuters
FRANKFURT (Reuters) – The surge in euro zone inflation is driven by transient factors but underlying trends remain weak, so the European Central Bank needs to maintain copious support for the economy, ECB chief economist Philip Lane said on Thursday. FILE PHOTO: European Central Bank Chief Economist Philip Lane speaks......

In Washington, Policy Revolves Around Joe Manchin. He Likes It That Way.

New York Times
WASHINGTON — If Democrats eliminate the filibuster, there is one senator who would have an outsized impact in the 50-50 chamber on issues that could reshape the nation’s future: infrastructure, immigration, gun laws and voting rights. That senator is Joe Manchin III of West Virginia. There is also a senator......

In Washington, Policy Revolves Around Joe Manchin. He Likes It That Way.

New York Times
WASHINGTON — If Democrats eliminate the filibuster, there is one senator who would have an outsized impact in the 50-50 chamber on issues that could reshape the nation’s future: infrastructure, immigration, gun laws and voting rights. That senator is Joe Manchin III of West Virginia. There is also a senator......

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