A prominent chef told the Federal Reserve that worker shortages in the restaurant industry was tied to "life changes" and workers need more pay.

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BING NEWS:
  • Powell's 'restrictive' emphasis maximizes Fed flexibility
    While it may just seem like semantics, Fed Chair Jerome Powell and Vice Chair Philip Jefferson's language increases the Fed's flexibility on the near-term interest rate path and should ultimately ...
    04/21/2024 - 8:00 pm | View Link
  • Bernanke Pitches Alternative To Fed's Forecasting Method
    “scenarios can be good for discussing with the public about the fact that the modal path is not 100% or set in stone and what the most prominent risks are.” At least some current Fed officials ...
    04/21/2024 - 1:00 pm | View Link
  • Fed: Don't expect rate cut
    On Wednesday, Fed Chair Jerome Powell firmly shut the door ... Tesla is recalling 3,878 Cybertruck vehicles due to a risk of unintended acceleration caused by a potentially dislodged accelerator ...
    04/20/2024 - 12:00 pm | View Link
  • CDs vs. high-yield savings accounts: What to consider if the Fed cuts rates
    "Savings account rates and CD rates have already started to fall just due to the expectation that the Fed will start cutting rates sometime this year," says Ken Tumin, president of bank review ...
    04/19/2024 - 3:11 am | View Link
  • How far will CD rates fall if the Fed cuts rates? Here's what experts say
    To move the needle and curb spending further, the Fed has kept interest rates paused ... "scattered across various years — some coming due in one, two, three, four, five, and six years.
    04/12/2024 - 3:47 am | View Link
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