X
31Aug

Financial Daily Dose 8.28.2020 | Top Story: In Major Policy Shift, Fed Embraces Inflation to Keep Rates Low

In hotly anticipated comments on Thursday—and yes, such a designation applies to a speech on monetary policy—Federal Reserve Chair Jay Powell “announced a major shift in how the central bank guides the economy, signaling it will make job growth pre-eminent and will not raise interest rates to guard against coming inflation just because the unemployment rate is low.” The new plan forward comes after an almost-2-year review of the Fed’s monetary policy strategy....
By: Robins Kaplan LLP
Source Url: https://www.jdsupra.com/legalnews/financial-daily-dose-8-28-2020-top-72498/

Related

California’s Ban on Mandatory Employment Arbitration Stayed for Now

California AB 51’s ban on mandatory employment arbitration remains stayed for now. AB 51 was passed...

Read More >

ICE Chills the Summer with Thousands of Audit Notices Issued to Businesses Nationwide

Seyfarth Synopsis: The temperature may be heating up in the nation’s capital, but Immigration and C...

Read More >

New York Construction Building Owners Assume New Roles and Responsibilities in Wake of Construction Shutdowns

With many NYC construction projects deemed non-essential, owners find themselves with partially comp...

Read More >

Federal Court Halts Enforcement of California Arbitration Law

A California federal court has granted a preliminary injunction blocking enforcement of Assembly Bil...

Read More >

California Significantly Strengthens Its Lactation Accommodation Law. Other States Are Likely to Follow

Earlier this year, the New York City Commission on Human Rights published robust model policies for ...

Read More >

Implementing FIRRMA: CFIUS Finalizes Filing Fee Rule for Voluntary Transaction Notices

Key Takeaways - On July 28, 2020, the U.S. Treasury Department, as chair of the Committee on Foreig...

Read More >