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☆ Robbie Whelan — Reporter at The Wall Street Journal
▼ + stars: | 2023-10-12 | by ( Robbie Whelan | ) www.wsj.com time to read: 1 min

Robbie WhelanRobbie Whelan covers Walt Disney Co. and the business of Hollywood for The Wall Street Journal in Los Angeles. Robbie has worked for the WSJ since 2010 and has been based in New York City and Mexico City. In previous roles, he covered hospitals and public health policy, the shipping industry, commercial real estate, home-building companies and the U.S. housing market. From 2016 to 2020, Robbie was based in Mexico City working as a foreign correspondent for the Journal, covering corporate news, economics, politics, migration, trade and the drug war. He is a massive Steelers fan and an accomplished performer of rock, country and bluegrass music.

Persons: Robbie Whelan Robbie Whelan, Robbie Organizations: Walt Disney Co, The Wall Street, Johns Hopkins University, Steelers Locations: Hollywood, Los Angeles, New York City, Mexico City, Pittsburgh

That changed in September when U.S. central bank officials themselves sensed that progress on housing inflation might have stalled. Data released on Thursday confirmed a jump in shelter prices that, for a month at least, bucked the trend. "The uptick in housing inflation this month was the key surprise. Housing inflation will need to decline sharply over the coming months for us to see inflation near 2%." In the list of risks for inflation to remain elevated, Fed officials in September pointed to "the effects of a strong housing market."

Persons: Sarah Silbiger, Olu Sonola, aren't, Jerome Powell, Kathy Bostjancic, disinflation Powell, Andrew Hunter, CoreLogic, Hunter, Howard Schneider, Paul Simao, Jonathan Oatis Organizations: REUTERS, Rights, Federal Reserve, Fitch, Fed, Nationwide, Reuters Graphics Reuters, Capital Economics, Reuters, Thomson Locations: Washington , U.S, U.S

Oct 11 (Reuters) - U.S. Federal Reserve Governor Christopher Waller on Wednesday said higher market interest rates may help the Fed slow inflation, and let the central bank "watch and see" if its own policy rate needs to rise again or not. We will see how those higher rates feed into what we do on policy in the coming months." Waller's comments added weight to similar statements this week by Fed Vice Chair Philip Jefferson and Dallas Fed President Lorie Logan. Still, Waller offered some of the most optimistic reads yet on the path of inflation. "We're finally getting very good inflation data," he said.

Persons: Christopher Waller, Waller, Paul Ryan, Philip Jefferson, Lorie Logan, We're, Howard Schneider, Andrea Ricci Organizations: . Federal, Republican, Wisconsin, Dallas Fed, Treasury, Reuters, Thomson Locations: Utah

In both cases the outcome would push the Fed from that "golden path" onto a far more familiar one: An economy buckling as borrowing costs rise and confidence wanes. "I don't think it is unavoidable" that joblessness will have to rise significantly for inflation to return to target, Dallas Fed President Lorie Logan said on Monday. But the most important thing is that we stay focused on restoring price stability, and I think that will require some rebalancing in the labor market." Her look at past periods of inflation and disinflation makes her think the labor market may still need a shock for the Fed to succeed. "As nice as it is to see a really strong labor market, when you are trying to get inflation down, that's not your friend."

Persons: Lorie Logan, Philip Jefferson, Austan Goolsbee, Jefferson, Christina Romer, Romer, Goolsbee, that's, Howard Schneider, Ann Saphir, Dan Burns, Paul Simao Organizations: DALLAS, Federal, National Association for Business Economics, Dallas, Chicago Fed, Treasury, University of California, White House's Council, Economic Advisers, Fed, Thomson Locations: U.S, Dallas, Israel, Palestinian, Berkeley

According to the minutes, "several participants" felt that "the focus of monetary policy decisions and communications should shift from how high to raise the policy rate to how long to hold the policy rate at restrictive levels." For now, "all participants agreed that policy should remain restrictive for some time" until it is clear inflation "is moving down sustainably toward its objective." The release on Thursday of the consumer price index report for September could add to the impetus for the Fed to remain on hold. Waller said that if recent month-to-month inflation trends continue, it would mean "we're pretty much back to our target." Reporting by Howard Schneider; Additional reporting by Ann Saphir; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

Persons: Philip Jefferson, Christopher Waller, Waller, Paul Ryan, Howard Schneider, Ann Saphir, Paul Simao Organizations: U.S, Treasury, U.S . House, Investors, Fed, Thomson Locations: U.S, Utah

☆ Opinion: Julia Ormond is speaking for a generation of women who won’t be silenced
▼ + stars: | 2023-10-11 | by ( Opinion Sara Stewart | ) edition.cnn.com time to read: +8 min

Ormond’s claim alleges that Weinstein sexually assaulted her in 1995 after a business dinner and that Ormond told her agents about it, and that they advised her against speaking out about it. “Harvey Weinstein categorically denies the allegations made against him by Julia Ormond and he is prepared to vehemently defend himself,” a representative for Weinstein told CNN in a statement. It includes awful, if unsurprising, details from the lawsuit about what happened when she told her agents at the time. In addition, after the incident and her disclosure of it to her agents, Ormond says CAA lost interest in representing her and her career was damaged dramatically anyway. I once wrote an awards-season story about an actor/director accused of sexual harassment by multiple women on his team.

Persons: Sara Stewart, CNN —, Sara Stewart Todd Thompson, Julia Ormond, Harvey Weinstein, Weinstein, Ormond, Bryan Lourd, Kevin Huvane, “ Harvey Weinstein, ”, Ormond’s, Brad Pitt, Anthony Hopkins, Sean Connery, Sabrina ”, Harrison Ford, Greg Kinnear, wouldn’t, Annabella Sciorra, Darryl Hannah, Ashley Judd, Mira Sorvino, Rosanna Arquette, Heather Graham, Claire Forlani, Rae Dawn Chong, Salma Hayek, Uma Thurman, I’ve, I’m, Amber Heard, Russell Brand, who’ve Organizations: CNN, Variety, Creative Rights Agency, CAA, Walt Disney Company, Miramax, Mr, ” CNN, Women, Brennan Center, Justice Locations: Pennsylvania, “, Rolling, Hollywood

☆ Israel may target Iranian officials more directly: American Enterprise Institute's Michael Rubin
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael may target Iranian officials more directly: American Enterprise Institute's Michael RubinMichael Rubin, senior fellow at American Enterprise Institute, and Laura Blumenfeld, senior fellow at the Philip Merrill Center for Strategic Studies at Johns Hopkins School for Advanced International Studies, join 'Squawk on the Street' to discuss the United States' involvement in Israel and Gaza, how to eject Hamas from Gaza, and more.

Persons: American Enterprise Institute's Michael Rubin Michael Rubin, Laura Blumenfeld, Philip Merrill Organizations: Israel, American Enterprise, American Enterprise Institute, Philip, Philip Merrill Center, Strategic Studies, Johns Hopkins School, International Studies Locations: United States, Israel, Gaza

“I will remain cognizant of the tightening in financial conditions through higher bond yields and will keep that in mind as I assess the future path of policy,” Jefferson said in remarks to the National Association for Business Economics. The remarks by Jefferson and earlier by Dallas Fed president Lorie Logan, one of the Fed system's more influential voices on financial markets, caused investors to undercut the likelihood of further Fed rate increases. "If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the fed funds rate," said Logan, who has been among the more hawkish officials in supporting the need for continued rate increases. Since the Fed last raised its policy interest rate a quarter of a percentage point in July, long-term bond yields have risen a full percentage point, a fast rate of change for a massive market. A rise in the so-called “term premium," if it proves persistent, could put an enduring drag on the economy and perhaps give the Fed less reason to raise its own policy rate.

Persons: Philip Jefferson, ” Jefferson, Jefferson, Lorie Logan, FedWatch, Gregory Daco, Logan, policymaker, Chris Varvares, Howard Schneider, Andrea Ricci, Nick Zieminski Organizations: DALLAS, Federal, Treasury, National Association for Business Economics, Dallas, New York Fed, Fed, P, Thomson Locations: U.S, Jefferson, Israel

☆ NFL roundup: Ja'Marr Chase, Bengals pull away from Cardinals
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +8 min

Mandatory Credit: Joe Rondone-USA TODAY Sports/ Acquire Licensing RightsOctober 9 - Joe Burrow threw three touchdown passes to Ja'Marr Chase to lead the Cincinnati Bengals past the Arizona Cardinals, 34-20, on Sunday in Glendale. Joshua Dobbs completed 15 of 32 passes for 166 yards and two touchdowns, but he threw his first two interceptions of the season for the Cardinals (1-4). Saints 34, Patriots 0Derek Carr threw two touchdown passes and New Orleans' defense forced three turnovers in a victory over New England in Foxborough, Mass. Ryan Tannehill completed 23 of 34 passes for 264 yards for Tennessee, but his last pass was intercepted with 10 seconds left. Pickett completed 18 of 32 passes for 224 yards while playing through a bone bruise in his left knee.

Persons: Ja'Marr Chase, Joe Rondone, Joe Burrow, Chase, Carl Pickens, Burrow, Evan McPherson, Cam Taylor, Britt, Joshua Dobbs, Marquise Brown, Derek Carr, Carr, Alvin Kamara, Tyrann Mathieu, Mac Jones, Jones, Bailey Zappe, Dallas Goedert, A.J, Brown, Jake Elliott's, Cooper Kupp, Matthew Stafford, Trevor Lawrence, Lawrence, Travis Etienne, Calvin Ridley, Josh Allen, Younghoe Koo, Dalton Schultz, Desmond Ridder, Ridder, Jared Goff, Goff, David Montgomery, Josh Reynolds, Bryce Young, Adam Thielen, Zack Moss, Anthony Richardson, Moss, Richardson, Ryan Tannehill, DeAndre Hopkins, De'Von Achane, Hill, Graham Gano, Raheem Mostert's, Achane, Kenny Pickett, George Pickens, T.J, Watt, Pickett, Pickens, Lamar Jackson, Justice Hill, Greg Zuerlein, Hall, Zach Wilson, Patrick Surtain, Russell Wilson, Quincy Williams, Bryce Hall scooping, Adam Trautman, Patrick Mahomes, Rashee Rice, Travis Kelce, Isiah Pacheco, Kirk Cousins, Jordan Addison Organizations: Cincinnati Bengals, Arizona Cardinals, State, Bengals, Steelers, Cincinnati, Cardinals, Saints, Patriots, New, NFL, Eagles, Rams, Philadelphia, Dallas, Jaguars, Bills, Jacksonville, Falcons, Texans, Atlanta, Houston, The Texans, Stroud, Lions, Panthers, Detroit, Carolina, Colts, Indianapolis, Tennessee, Dolphins, Giants, Miami, New York, Ravens, Pittsburgh, Baltimore, Justice, Jets, Broncos, Denver, Chiefs, Vikings, Kansas City, Minnesota, Thomson Locations: Glendale , Arizona, USA, Glendale, Ariz, New Orleans, New England, Foxborough, Los Angeles, Inglewood , Calif, Angeles, Buffalo, London, Tennessee, New, Miami Gardens, Fla, New York, Baltimore, Denver, Kansas, Minneapolis

Military promotions, including for the chief of naval operations, have been held up by a single senator because of abortion policy. "It could make our response significantly less effective" and imperil aid to both Israel and Ukraine. That followed the sending of a U.S. aircraft carrier strike group and military aircraft closer to Israel as a show of support. The United States is also supplying Israel with munitions and other military supplies, Defense Secretary Lloyd Austin said. "This kind of situation is what many were worrying about, with all the holds on nominations and military promotions.

Persons: Joe Biden's, Israel, Sen, Jack Reed, Israel –, Reed, Laura Blumenfeld, Blumenfeld, Biden, Benjamin Netanyahu, “, Lloyd Austin, Jonathan Lewallen, –, Donald Moynihan, Moynihan, Rand Paul, J.D, Vance, Tommy Tuberville, Tuberville's, Chuck Schumer, …, Gerry Connolly, Lewallen Organizations: Rhode Island, Armed Services Committee, United States Central Command, GOP, Johns Hopkins School, International Studies, State, Palestinian, U.S, Hamas, Defense, University, Tampa, Georgetown University, Senate, Kentucky Republican, Ohio Republican, Alabama Republican, Military, White, New, New York Democrat, Joint Chiefs of Staff, Army, Marine Corps, Virginia Democrat, House Foreign Affairs, MSNBC Locations: Israel, Kuwait, Oman, Lebanon, Egypt, U.S, Palestinian, Ukraine, United States, France, Germany, Great Britain, Kentucky, China, Ohio, Alabama, New York, Virginia

For the bottom 40% by income that means a smaller slice of the pie even as their net worth has risen at the swiftest pace in years. said Elise Gould, senior economist at the Economic Policy Institute, a Washington-based think tank focused on labor issues. The newest data suggest that trends of higher wealth and income concentration survived pretty much intact. Yet Dynan noted that the rise in wealth over that period was 30% for families in the 80th to 99th income percentiles and more than 40% for the top 1%. Reuters GraphicsOLD TRENDS HOLD FASTThe Fed's quarterly data on wealth distribution estimates asset holdings and liabilities across racial, educational, age and income groups, and their shares of national totals.

Persons: Elise Gould, They've, Biden, Karen Dynan, Dynan, Howard Schneider, Dan Burns, Paul Simao Organizations: Federal Reserve, U.S . Census Bureau, Economic Policy Institute, United Auto Workers, Harvard University, Thomson Locations: U.S, Washington

"The markets will also be following what the scenarios are looking like," he said, and whether, after decades of instability in the Middle East, this outbreak of violence evolves differently. "The question will be is this iteration something that will throw the long-term equilibrium out of balance?" "The conflict poses a risk of higher oil prices, and risks to both inflation and the growth outlook," said Karim Basta, chief economist at III Capital Management, leaving the Fed to sort out whether higher prices or slower growth is the greater concern. To the extent the Israeli war with Hamas heightens concerns about the global economy it could reverse that trend if capital rushes towards the relative safety of U.S. Treasury bonds, as often happens at times of potential crisis. Reporting by Howard Schneider and Ann Saphir; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Ronen, It’s, Agustin Carstens, Carl Tannenbaum, Karim Basta, Howard Schneider, Ann Saphir, Andrea Ricci Organizations: REUTERS, Rights, Bank for International, National Association for Business Economics, Federal Reserve, Northern Trust, International Monetary Fund, World Bank, III Capital Management, Fed, Treasury, Thomson Locations: Gaza, Sderot, Israel, Ukraine, U.S, Morocco, Iran, Saudi Arabia, Gulf, Suez

☆ Russia's electronic warriors are switching to 'much more subtle' operations around the frontlines in Ukraine
▼ + stars: | 2023-10-08 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +6 min

Electronic warfare has played an important if less visible role in the war in Ukraine. As the war has evolved, EW troops on both sides have had to adapt and innovate to remain effective. After nearly 300,000 casualties and many humiliating defeats, the Russian military is still struggling to adjust to Ukraine's willingness and ability to fight. Electronic warfare — the use of electronic signals to find, intercept, and jam enemy forces — has been an important element of daily combat. Russian EW has been a major area of investment" and its EW troops "tend to be technically competent," the RUSI report says.

Persons: —, Storm, Denis Abramov, Stavros Atlamazoglou Organizations: Service, Royal United Services Institute, REUTERS, GPS, EG, Rockets, Russian Defense Ministry, Russian, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins School, International Studies, Boston College Law School Locations: Ukraine, Russia, Ukrainian, British, Donetsk, Russian, Moscow, Kyiv

There is no security in the whole region as long as Palestinians are left outside of the equation." The Hamas attack launched from Gaza follows months of rising violence in the Israeli-occupied West Bank, with stepped-up Israeli raids, Palestinian street attacks and assaults by Jewish settlers on Palestinian villages. "Some (Arab states) unfortunately started imagining that Israel could be the gateway for America to defend their security." "I would say for certain Hamas, terrorist groups like Hamas, will not derail any such outcome. Tehran called Saturday's attack an act of self-defence by Palestinians.

Persons: Ammar Awad, Israel, Ismail Haniyeh, Benjamin Netanyahu, Peacemaking, Laura Blumenfeld, Osama Hamdan, Netanyahu, Ali Baraka, Richard LeBaron, IRAN'S, Joe Biden's, Yahya Rahim Safavi, Ayatollah Ali Khamenei, Dennis Ross, Samia Nakhoul, Nidal El Mughrabi, Laila Bassam, Matt Spetalnick, Edmund Blair Organizations: REUTERS, Saudi, Israel Saudi, Hamas, Iran, Israel, Al, West Bank, Reuters, Johns Hopkins School, International Studies, U.S . Middle, Atlantic Council, Islamic, Palestinian, Analysts, Washington Institute for Near, U.S ., Thomson Locations: Gaza, Sderot, Israel, DUBAI, GAZA, WASHINGTON, Saudi Arabia, Washington, Riyadh, Tehran, Iran, Al Jazeera, Lebanese, U.S, East, Lebanon, America, Kippur, Egypt, U.S . Middle East, Saudi, Israeli, normalisation, Islamic Jihad, Palestine, Jerusalem, Syria, Iraq, Yemen, Yemeni, Dubai, Beirut

Sakran decided to work in medicine after becoming a victim of gun violence as a teenager. In the hours following the shooting, Morgan State officials canceled all remaining homecoming week events, including Saturday’s football game. It unfolded around 9:30 p.m., shortly after a coronation ceremony for this year’s Mister and Miss Morgan State in the campus auditorium. He visited the White House last month for President Joe Biden’s announcement of the first ever federal office of gun violence prevention. Sakran referenced the Morgan State shooting in a post Wednesday morning on X, formerly known as Twitter, saying he was grateful for his Johns Hopkins trauma team colleagues.

Persons: Johns Hopkins, Joseph Sakran, Sakran, he’s, ”, wasn’t, ” Sakran, “, Brady, Joe Biden’s, didn’t Organizations: BALTIMORE, Morgan State University, Associated Press, Morgan State, Hopkins Bayview Medical Center, Johns Hopkins Hospital, Police, Baltimore, Miss Morgan State, White, National Rifle Association, American College of Physicians, Morgan Locations: America, Baltimore, Rochester , New York

[1/2] A view shows the entrance of the venue for the upcoming meetings of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco October 1, 2023. Reuters GraphicsThe yield on the 30-year U.S. Treasury bond this week pierced 5% for the first time since 2007. Long-term U.S. yields have climbed roughly 1 percentage point in the past three months compared with a single quarter-percentage-point Fed rate hike during that period. Keeping the world's largest economy out of recession provides steadier demand for other countries' exports, as well as more certainty as Fed rate hikes hit a stopping point. The fallout depends on "how much further, and how quickly, bond yields rise," they said.

Persons: Abdelhak, China's, Goldman Sachs, Gene Tannuzzo, Tannuzzo, Karen Dynan, it's, Howard Schneider, Dan Burns, Paul Simao Organizations: International Monetary Fund, World Bank, REUTERS, Rights, U.S ., Treasuries, Reuters, Treasury, Federal Reserve, Columbia Threadneedle, Harvard University, Peterson Institute for International Economics, Capital Economics, Valley Bank, Thomson Locations: Marrakech, Morocco, U.S, Washington, California

[1/2] An employee hiring sign is seen in a window of a business in Arlington, Virginia, U.S., April 7, 2023. The report will be released at 8:30 a.m. (1230 GMT), based on surveys conducted before a United Auto Workers strike could influence the outcome. "We think the Fed would like to see a bit more evidence of cooling labor market conditions than we expect," Oxford Economics lead U.S. economist Nancy Vanden Houten wrote this week. But she said that wage gains were likely to prove a bit stronger than the month before. Reporting by Howard Schneider; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Elizabeth Frantz, Nancy Vanden Houten, Howard Schneider, Andrea Ricci Organizations: REUTERS, Rights, Federal Reserve, United Auto Workers, Reuters, Reuters Graphics, Reuters Graphics Reuters, Wage, Fed, Thomson Locations: Arlington , Virginia, U.S, Oxford

☆ Ahead of 2024, Felons Fight to Regain Right to Vote
▼ + stars: | 2023-10-05 | by ( Mariah Timms | ) www.wsj.com time to read: 1 min

A voting site in Jackson, Miss., last year. Mississippi has long imposed lifetime disenfranchisement for people convicted of certain crimes. Photo: Rogelio V. Solis/Associated PressDennis Hopkins was convicted of theft 25 years ago in Mississippi and has long been out of prison. He has raised a family, built a towing business and coached local youth sports teams. There is one thing he hasn’t done: vote.

Persons: disenfranchisement, Rogelio V . Solis, Associated Press Dennis Hopkins Organizations: Associated Press Locations: Jackson, Miss, Mississippi

The summer increase of COVID-19 appears to have passed its peak. The mindset change is likely how health officials will examine COVID-19 during the fall and winter months for years to come. Last winter saw a peak of new weekly COVID-19 hospital admissions at nearly 44,500. That would mean that the U.S. enters peak respiratory disease season with an elevated level of COVID-19 circulating already, so a further increase could be possible on top of that. But to get the most protection against this form of the COVID virus that's circulating right now, get the updated COVID vaccine."

Persons: Ashish Jha, ”, – COVID, don’t, Andrew Pekosz, It’s, Mandy Cohen, ” Pekosz, “ pirola, it's, Biden, ” Cohen, Cohen, – Organizations: White, for Disease Control, CDC, Johns Hopkins Bloomberg School of Public Health Locations: U.S, hospitalizations, Boston

☆ 4 freelancers share how they use AI to save time and make more money
▼ + stars: | 2023-10-04 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +3 min

Four freelancers shared with Insider how they integrated artificial intelligence into their work — from wedding planning to writing e-books — to ease their workloads. Samantha North started her blog, Digital Émigré, in September 2020. Last year, she tried to use AI to help write her content but found it sounded nothing like her. A wedding-business owner uses AI to write speechesJen Glantz runs a bridesmaid-for-hire business. Glantz shared with Insider how she trained the tool and how she used AI to produce marketing content.

Persons: Morgan Stanley, Samantha North, North, ChatGPT, inputting, I've, Claude, Jen Glantz, she'd, Glantz, Angelina Stanzione, Chris Rawson, ghostwriters, Stanzione Organizations: PAS, Publishing

And if you do, you should stand with me," Sunak said, referring to what he described as 30 years of political short-termism. "It may be helpful, but it won't be sufficient" to help them win the next election. Chris Hopkins, political research director at the polling firm Savanta, said he could not see how Sunak could win. Cabinet ministers have given speeches to sparsely populated rooms and some party members have openly talked what they may do in opposition. Writing by Elizabeth Piper; editing by Kate Holton and Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.

Persons: Rishi Sunak, Sunak, Goldman Sachs, Andy Street, Suella Braverman, pollsters, John Curtice, Chris Hopkins, Savanta, Liz Truss, Nigel Farage, Steve Tuckwell, Elizabeth Piper, Kate Holton, Philippa Fletcher Organizations: Conservative, Conservatives, Labour, University of Strathclyde, European Union, Republican Party, London's Labour, Thomson Locations: MANCHESTER, England, Manchester, British, Birmingham, West Midlands, United States

It needs to translate into changes in economic outcomes," Bostic said in comments to reporters alongside the release of a new policy essay. Part of that adaptation is how the Fed's short-term benchmark is translated ultimately into mortgage rates, corporate bonds yields, and other securities that influence economic activity. In separate comments, Cleveland Fed President Loretta Mester said she similarly is watching how the rise in bond yields will play out, even though she feels the Fed's policy rate still needs to rise. It may well be that the Fed's hawkish rate posture is no longer the primary impetus for the rise in yields. Reporting by Howard Schneider and Dan Burns; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Loretta Mester, Mester, Torsten Slok, Slok, Howard Schneider, Dan Burns, Andrea Ricci Organizations: Federal Reserve Bank of Atlanta, REUTERS, Rights, Federal Reserve, Treasury, Atlanta Federal Reserve, U.S, Cleveland Fed, Apollo Global Management, Reuters, Fitch, Treasury Department, Bank of, Thomson Locations: Dublin, Ireland, Atlanta, China, York

It needs to translate into changes in economic outcomes," Bostic said in comments to reporters. "I don't think the degree of response to date has been out of bounds" of what would happen "in an ordinary tightening cycle." But even though he agreed that recent jumps in long-term yields have been unusual, Bostic joined several of his colleagues in downplaying their relevance to policy - at least so far. "There is a lot going on and I cannot say I have all the answers," Bostic said. The things we are looking at is the pace at which the economy slows," not the rates themselves.

Persons: Federal Reserve Bank of Atlanta Raphael, Bostic, Clodagh, Raphael Bostic, Howard Schneider, Paul Simao Organizations: Federal Reserve Bank of Atlanta, REUTERS, Rights, Treasury, Atlanta Fed, Thomson Locations: Dublin, Ireland, U.S, China

YORK, Pa., Oct 2 (Reuters) - The U.S. economy is still dealing with the aftermath of the COVID-19 pandemic, Federal Reserve chair Jerome Powell said during a meeting with community and business leaders in York, Pennsylvania. "We are still coming through the other side of the pandemic," Powell said, noting labor shortages in healthcare, ongoing difficulties with access to child care, and other issues heightened by the health crisis. He did not comment on current monetary policy or the economic outlook in brief opening remarks. Reporting by Howard Schneider; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell, Powell, Howard Schneider, Jonathan Oatis Organizations: Thomson Locations: Pa, U.S, York , Pennsylvania

Families are "squeezing to make ends meet," caught between rising prices and a lack of accessible child care, Kim Bracey, chief executive of the YWCA York, told Powell. Julie Keene, owner of Flinchbaugh’s Orchard, zeroed in on inflation, and pressed Powell on the uncertain environment businesses have having to navigate. In conversations with shopkeepers, Powell and Harker focused on aspects of the businesses and the owners' backgrounds - not inflation or the impact of interest rates. Speaking with Reuters ahead of their arrival at her shop she said high interest rates were pressing her hard. "I mean, lower the interest rates," she said.

Persons: Jerome Powell, Evelyn Hockstein, Powell, Kim Bracey, Julie Keene, Keene, Bracey, Gallup, Alan Greenspan, Patrick Harker, Michelle Wright, Mane, Wright, Harker, Drayden, Jennifer Heasley, Howard Schneider, Dan Burns Organizations: Federal, Federal Reserve, REUTERS, Monday, YWCA York, Philadelphia Fed, Luxe, York Central Market, Thomson Locations: Washington , U.S, Pennsylvania, York , Pennsylvania, Philadelphia, Flinchbaugh’s Orchard, zeroed, Keene, Powell

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