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

New Senate Bill Seeks to Expand Protections for Nursing Mothers

Currently under the Fair Labor Standards Act (“FLSA”), employers with 50 or more employees are req...

Read More >

Frequently asked questions on the impact of COVID-19 on NEC4 contracts

Contractors in the UK construction industry have been reviewing their contracts to consider what pro...

Read More >

New Puerto Rico Law Limits Employers’ Use Of Credit Reports In Employment Decisions

Puerto Rico has enacted legislation to limit the use of credit reports in making employment decision...

Read More >

Federal Court Rules that the FAA Preempts New York Law Prohibiting Mandatory Arbitration of Sexual Harassment Claims

In response to the #MeToo movement, New York State has led the way in enacting legislation to expand...

Read More >

California Environmental Law & Policy Update - February 2020 #2

Former PG&E lawyer named new regional EPA chief in California - Los Angeles Times – February 11 -...

Read More >

Connecticut Passes Legislation Enhancing Employer’s Obligations Regarding Sexual Harassment Training and Notification to Employees

Connecticut has joined the growing number of states passing or enhancing laws aimed to deter sexual ...

Read More >