<p><span>Good afternoon. It is a pleasure to be able to join you today for this conversation, and as a bank regulator and former banker, I am pleased that this conference is making the case for diversity in terms that everyone in business can understand. At any time, but especially now when attracting and keeping skilled and talented employees is so challenging, it only makes sense that you ll get the best employees if both men </span><span>and</span><span> women see a business with diverse leadership, and the opportunity to advance. And when a large share of your customers are women, when understanding their perspective is so important to your business, having women in leadership positions will help you serve these customers better and make you a more profitable and successful enterprise.</span></p>
Building Economic Resilience In Communities – Federal Reserve Governor Michelle W Bowman, At The Policy Summit 2021: Pathways To Economic Resilience In Our Communities, Federal Reserve Bank Of Cleveland, Cleveland, Ohio (Via Prerecorded Video)
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Paid sick leave: Here to stay?
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Earlier today, the U.S. Department of Labor formally issued a rule that withdraws the Trump Administration’s regulation addressing the test for classifying workers as independent contractors or employees under the federal Fair Labor Standards Act. In a blog post the day before the Trump Administration regulation was formally issued, we noted “the regulation…would be ‘much ado about (almost) nothing.’” To that end, we commented that, “unlike most regulations with hard and fast rules, the proposed regulation was in the nature of an administrative interpretation comprising the Labor Department’s review of existing court decisions and its articulation of a preferred legal analysis … [that] courts would give little if any deference to.” Our reaction to the Biden administration’s new rule is no different. Of course, the issue of independent contractor status, especially in the gig economy, unfortunate