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(Bloomberg) -- Low pay, demanding work and a lack of benefits have driven child-care workers out of the industry for good during the pandemic — creating ripple effects on the rest of the U.S. economy.
From Bloomberg: Federal Reserve hawks and doves are joining Jerome Powell's call to get going on raising interest rates to curb high inflation. Cleveland Fed president Loretta Mester also favors a speedier pace in increases, arguing for policy makers to get rates up to around 2.5% by the end of the year.
The SEC proposed new rules that would require companies to disclose greenhouse gas emissions and hold them accountable for their climate promises.
New York State was rightly celebrated for its 2021 $2.1 billion dollar Excluded Worker Fund (EWF), providing direct payments to essential, low-income, immigrant workers and their families who had suffered economic loss due to the pandemic but were excluded from some federal pandemic relief efforts, including unemployment insurance and payments from the federal CARES Act.
Jay Shambaugh, a professor of economics and international affairs, has served in multiple White House positions during the Obama administration.