Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.
Category: Labor and Jobs
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Behind Powell’s Big Gamble in Final Jackson Hole Speech
Jerome Powell, the Federal Reserve chair, is managing a high-stakes balancing act as he grapples with a cooling labor market, rising inflation and White House pressure to cut interest rates.
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Stephanie Shirley, Who Created a Tech World for Women, Dies at 91
In 1962, she started a software company at her dining room table with a revolutionary idea: to create a place where women could find a work-life balance.
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Fed Officials Split Over How to Read Economic Signals
Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.
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Why Were Air Canada Flight Attendants Striking? Boarding Pay Was a Central Issue
The strike, which ended on Tuesday, focused attention on why many airlines don’t start paying flight attendants until the plane doors are shut.
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Economic Data Has Taken a Dark Turn. That Doesn’t Mean a Crash Is Near.
Inflation is up and job creation down, but the U.S. economy could still pull through without too much pain.
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Have You Been Unemployed for Six Months or More? We’d Like to Hear From You.
The long-term jobless rate recently hit its highest point in more than three years. Please tell us how this has affected you.
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C.E.O.s Want Their Companies to Adopt A.I. But Do They Get It Themselves?
Some are being nudged to learn how to use the nascent technology. Coming to the C-suite retreat: mandatory website-building exercises using A.I. tools.
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Air Canada’s Flight Attendants Reject Call for Arbitration
Their union says one of its core demands, to receive pay for groundwork, is unlikely to be introduced in arbitration. The airline began canceling flights ahead of the potential strike.
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Companies Are Pouring Billions Into A.I. It Has Yet to Pay Off.
Corporate spending on artificial intelligence is surging as executives bank on major efficiency gains. So far, they report little effect to the bottom line.