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☆ Goldman Sachs CEO David Solomon hates remote work. Now managers are cracking the whip on returning to the office.
▼ + stars: | 2023-08-24 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

Goldman CEO David Solomon is famously anti-remote work, and has been pushing RTO for over a year. Certain managers have responded by reemphasizing the company's policy that all employees work from the office five days a week. Though he reluctantly yielded on the issue for a while after facing pushback from his top advisors, he made his disdain for remote work public. "This is not ideal for us, and it's not a new normal," Solomon later said at a conference in February 2021 regarding remote work, Bloomberg reported. AdvertisementAdvertisementAs of last October, 65% of the company's workers had already returned to the office full time, according to Solomon.

Persons: Goldman Sachs, Goldman, David Solomon, Jacqueline Arthur, Bloomberg, Solomon, it's, you'll, Nicholas Bloom Organizations: Service, Bloomberg, New York Magazine, Meta, Research, Stanford, Wall Street Journal, Employers Locations: Wall, Silicon, New York

☆ The workplace can be rough for menopausal women. Employers are starting to step up
▼ + stars: | 2023-08-22 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +9 min

“The very topic of menopause has been taboo, particularly in the workplace, potentially further exacerbating the psychological burden of menopause symptoms,” the Mayo researchers noted. A 57-year old woman who has worked for years in the construction industry said she first experienced severe menopausal symptoms in her previous job. Menopausal symptoms might not be as troublesome at work if women could access more reliable information and care from their regular doctors. The plan lets any employee take up to 10 days off to address self-care issues of any kind, which the company notes can include dealing with menopausal symptoms. It was an attempt to find a way to help employees deal with their symptoms in ways they needed, Falcione told CNN.

Persons: “, ”, Mercer, it’s, White, “ I’ll, I’m, didn’t, Stephanie Faubion, you’re, ” Faubion, Faubion, Aaron Falcione, Falcione, Corina Leu, Leu Organizations: New, New York CNN, CNN, Mayo Clinic, Mayo, Mayo Clinic’s Center, Women’s Health, Merck, Mercer Locations: New York, United States, ”, Mayo

☆ Here are some of the companies saying weight loss drugs could impact their business
▼ + stars: | 2023-08-18 | by ( Alex Harring | ) www.cnbc.com time to read: +5 min

The impact of new weight loss treatments is being felt well beyond the health-care industry . During the second quarter, which beat expectations , shoppers were still focused on health and wellness, CEO Doug McMillon said Thursday. Some companies already bar weight loss medications from their insurance plans to keep costs down. Executives said it was tied to an increase in specialty drug use for weight loss and diabetes. Eli Lilly's Mounjaro hasn't yet been approved for weight loss, though some people are taking it off label for that reason.

Persons: Eli Lilly, Joe Scalzo, Scalzo, Atkins, Regeneron, George Yancopoulos, Doug McMillon, WMT, Kroger, Paul Sarvadi, Eli Lilly's Mounjaro, Stephan Tata, Tata hedged, Tata Organizations: Analysts, Novo Nordisk, Co, Simply, Atkins, Walmart, WMT KR, Kroger, Cardinal Health, Drug Administration, Tata Locations: U.S

REUTERS/Dado Ruvic/Illustration/File photoAug 10 (Reuters) - A China-based tutoring company has agreed to settle a U.S. government agency's novel lawsuit claiming it used hiring software powered by artificial intelligence to illegally weed out older job applicants. Equal Employment Opportunity Commission (EEOC) involving a company's use of AI to make employment decisions. The commission, which enforces workplace bias laws, in 2021 launched an initiative to ensure that AI software used by U.S. employers complies with anti-discrimination laws. Many worker advocates and policymakers are concerned about the potential for existing biases to be baked into AI software, even unintentionally. Experts expect an increasing number of lawsuits accusing employers of discriminating through their use of AI software.

Persons: Dado Ruvic, ITutorGroup, EEOC, Daniel Wiessner, Alexia Garamfalvi, Andy Sullivan Organizations: REUTERS, iTutorGroup Inc, U.S, Opportunity Commission, Ping An Insurance, Thomson Locations: China, U.S, New York, California, Albany , New York

☆ Insurers face long road, high cost to cover obesity drugs after promising Wegovy heart health data
▼ + stars: | 2023-08-09 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

There is likely a long way to go before the U.S. sees increased insurance coverage for obesity drugs. While the trial results demonstrate that obesity drugs may have significant health benefits beyond shedding unwanted pounds, organizations representing U.S. insurers emphasized that the data is still preliminary. "Health insurance providers will continue to analyze new evidence as it becomes available," he added. Ceci Connolly, CEO of the Alliance of Community Health Plans, acknowledged the promise of the data but said "outrageous prices should give everyone pause." The organization represents regional, community-based health plans that cover more than 18 million Americans across the U.S.

Persons: Jim Vondruska, Wegovy, Eli Lilly, David Allen, Ceci Connolly, Jared Holz, It's, Debra Tyler's, Joe Buglewicz, Eduardo Grunvald, George Frey, UCSD's Gunvald, Eli, Ethan Lazarus, Lazarus Organizations: Reuters Novo Nordisk, Novo Nordisk, America's Health, Alliance of Community Health, U.S, Drugs, Pfizer, Medicare, CVS, Aetna, CNBC, Washington Post, Getty, UCSD Health's Center, International Foundation of Employee, University of Texas System, UTS, Novo, Reuters, Obesity Medicine Association, New England, of Medicine Locations: Chicago , Illinois, U.S, Mizuho, Killingworth, Conn, Texas

☆ US small businesses feel better about the economy, but still can’t find enough skilled workers
▼ + stars: | 2023-08-08 | by ( Bryan Mena | ) edition.cnn.com time to read: +3 min

As inflation continued to slow last month, optimism improved among the more than 1,300 small businesses surveyed, though it remains subdued compared to pre-pandemic times. Of owners hiring or trying to hire, 92% reported few or no qualified applicants for their available jobs, also unchanged from the prior month. “With small business owners’ views about future sales growth and business conditions dismal, owners want to hire and make money now from solid consumer spending,” said Bill Dunkelberg, the NFIB’s chief economist, in a release. Despite the economy holding steady, optimism among small businesses isn’t back to where it was before the pandemic. Even though businesses are still grappling with difficulties in hiring, cooling inflation has taken some of the edge off.

Persons: ”, Bill Dunkelberg, they’ve Organizations: DC CNN, National Federation of Independent Business, Federal Reserve, Gross, Federal Reserve Bank of Cleveland, Labor Department, Wall Street Locations: Washington

A partial counterweight to Apple for the S&P 500 and Nasdaq was Amazon.com. Amazon's rise were an 11-point positive for the S&P 500. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. DraftKings' (DKNG.O) shares rose 5.8% after the sports-betting firm raised its fiscal year 2023 revenue outlook. The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 54 new highs and 91 new lows.

Persons: dents, jitters, Said Greg Bassuk, Brendan McDermid, Carl Icahn, DraftKings, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: Companies, Apple, Dow, Nasdaq, AXS Investments, Treasury, Labor Department, Reuters, New York Stock Exchange, REUTERS, Microsoft, Dow Jones, Icahn Enterprises, Hindenburg, NYSE, Thomson Locations: New York, Ukraine, China, New York City, U.S, Bengaluru

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 26, 2023. Data for June additions was revised lower to 185,000 jobs, from 209,000 reported previously. Reuters GraphicsAverage hourly earnings rose 0.4% in July, unchanged from the previous month, exceeding expectations, taking the year-on-year increase in wages to 4.4%. The yield on the 10-year benchmark Treasury note dipped after the jobs data, partly boosting some megacap stocks. Buoying the S&P 500 index, Amazon.com shares (AMZN.O) rose after the company issued an upbeat third-quarter outlook.

Persons: Brendan McDermid, Greg Bassuk, jitters, Said, Echo Wang, Shubham Batra, Bansari, Savio D'Souza, Shounak Dasgupta, Shinjini Ganguli, Louise Heavens, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Apple, Nasdaq, Treasury, AXS Investments, Labor Department, Reuters, Microsoft, Dow Jones, Thomson Locations: New York City, U.S, Ukraine, China, New York, Bengaluru

☆ Stock Market News Today: Dow, S&P 500 Close Lower; Fortinet Stock in Focus
▼ + stars: | 2023-08-04 | by ( ) www.wsj.com time to read: +1 min

Stocks closed lower after Friday's jobs report, with all three major U.S. indexes logging losses for the week. The yield on the 10-year Treasury edged lower in afternoon trading, but rose for the week. The S&P 500, tech-heavy Nasdaq and Dow industrial all notched losses for the week. The tech giant's stock rose around 8% after it reported stronger-than-expected earnings late Thursday. Wheat prices rose after reports that Ukrainian sea drones attacked a Russian Black Sea port that is a major hub for oil and grain exports.

Organizations: Treasury, Nasdaq, Dow, Brent Locations: Russian

☆ US job openings at more than two-year low but still elevated
▼ + stars: | 2023-08-01 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

There were 1.6 job openings for every unemployed person in June, little changed from May. Economists polled by Reuters had forecast 9.610 million job openings. Reuters GraphicsThere were an additional 136,000 job openings in healthcare and social assistance, while vacancies increased by 62,000 in state and local government, excluding education. The job openings rate was unchanged at 5.8% in June. ISM manufacturing PMIIt has, however, not been a reliable predictor of manufacturing employment in the government's nonfarm payrolls count.

Persons: Elizabeth Frantz, Eugenio Aleman, Raymond James, Lucia Mutikani, Andrea Ricci, Paul Simao Organizations: REUTERS, Reuters, Federal, Labor, Survey, Labor Department, Employers, Treasury, Institute for Supply Management, PMI, Economists, ISM, Thomson Locations: Arlington , Virginia, U.S, WASHINGTON, . U.S

☆ Employees Are Secretly Using ChatGPT to Get Ahead at Work
▼ + stars: | 2023-08-01 | by ( Aki Ito | ) www.businessinsider.com time to read: +11 min

And he's kept right on using Bing to do his job even after his company issued a policy barring the staff from using AI. Those secretly using AI on the job — experts call it "shadow IT" — appear to be legion. Luke doesn't know whether his employer is OK with him using ChatGPT, since it hasn't issued an official policy, and he's not about to ask. Even when employers block access to AI tools at work, employees are pulling up apps like ChatGPT on their personal devices. By failing to create clear guidance on AI, companies are effectively empowering the covert users at the expense of everyone else.

Persons: Blake doesn't, Blake, Bing, hasn't, he's, ChatGPT, Blake —, Bard, Fishbowl, Ethan Mollick, they've, Gartner, Eser Rizaoglu, Alex Alonso, We're, Roberto, I'm, Roberto hasn't, Luke, —, Luke doesn't, He's, Jaap Arriens, they're, GPT, Wharton, Roberto aren't, they'll, Aki Ito Organizations: Wharton School, Gartner, Employers, Employees, Bing Locations: America

☆ Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
▼ + stars: | 2023-07-28 | by ( Ben Casselman | More About Ben Casselman | ) www.nytimes.com time to read: +1 min

Wage growth, by various measures, has softened in recent months, but inflation has fallen by even more. Workers are better off as a result: Pay, adjusted for inflation, rose in the second quarter for the first time in two years. The slowdown in wage growth has surprised some economists because the unemployment rate remains very low, which ordinarily would put pressure on companies to raise pay to attract and retain workers. But other evidence suggests that the labor market has softened even without a big increase in joblessness. Employers are posting fewer job openings, are adding fewer new jobs and are poaching fewer employees from competitors, all signs that demand for workers has slowed.

Persons: ”, Beth Ann Bovino, Michael Gapen Organizations: Workers, “, U.S . Bank, Fed, Bank of America Locations: joblessness

☆ 10 ways artificial intelligence is changing the workplace, from writing performance reviews to making the 4-day workweek possible
▼ + stars: | 2023-07-27 | by ( Aaron Mok | ) www.businessinsider.com time to read: +13 min

Here are 10 ways AI tools such as ChatGPT have entered the workplace — and what may come out of it. Nick Patrick, the owner of the music-production company Primal Sounds Productions, told Insider he used ChatGPT to fine-tune legal contracts for clients. "You really got to find time to, like, learn this skill," Nigam previously told Insider. Companies are using AI to write their performance reviewsManagers may find writing performance reviews for their employees a tough task. He told Insider: "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible."

Persons: OpenAI, Nick Patrick, Shannon Ahern, hadn't, Jensen Huang, Huang, Akash Nigam, Nigam, Neil Taylor, ChatGPT, Taylor, Insider's Beatrice Nolan, Nolan, would've, Jasmine Cheng, Cheng, WorkLife, Carl Benedikt Frey, Michael Chu, iHeartMedia, Goldman Sachs, Goldman, Suumit Shah, chatbot, Anu Madgavkar, Richard Baldwin, Fran Drescher, Jezebel — Organizations: Morning, IBM, Workers, Primal Sounds Productions, Google, Twitter, Companies, Employers, Nvidia, ChatGPT, Sky News, Hulu, Spotify, Mobile, Oracle, Columbia Business School, McKinsey Global Institute, Apple, JPMorgan, Northrop Grumman, AIs, Writers Guild of America, SAG, Journalists, GMG Union of, Media Locations: Taipei, Taiwan, Oxford

☆ JPMorgan, Snap, and other employers are giving $1,700 Snoos to employees with newborns as part their parental benefits packages
▼ + stars: | 2023-07-25 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Dozens of companies are offering their employees Snoos for free or at reduced costs. The cribs, which cost $1,700, are available for free at companies like JPMorgan and Snap. Some new parents of corporate America are receiving more than just paid parental leave and lactation rooms from their employers. Companies like JPMorgan Chase, Snap, Hulu, and Activision Blizzard are among those offering the devices to employees, according to Happiest Baby. The Snoo benefit is one of many new parental benefits that companies are beginning to offer their employees with babies amid a childcare crisis.

Persons: JPMorgan Chase, Milt Ezzard, Ezzard, WorkLife Organizations: JPMorgan, Companies, Activision Blizzard, Employers, JPMorgan Chase, Hulu, Paypal, Snoos, Street Journal, Financial Times

☆ Business conditions are expected to improve as inflation slows
▼ + stars: | 2023-07-24 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —American businesses are expected to fare better in the coming months, according to a survey of economists and analysts released Monday. A survey from the National Association for Business Economics released Monday showed that businesses have rejoiced in better economic conditions. Meanwhile, a majority of respondents reported that wages at their firms were unchanged — the first time more economists reported no wage gains than rising wages since 2021. The Fed doesn’t necessarily need a recession to do that, but some research suggests the labor market must cool further. The labor market is closely watched by Fed officials since higher labor costs feed into inflation.

Persons: haven’t, ”, Julia Coronado, Austan Goolsbee, cooldown, Brian Moynihan, bode Organizations: DC CNN, Federal Reserve, University of Michigan’s, Consumers, National Association for Business, Employers, Chicago Fed, Bank of America, Bureau of Labor Statistics, National Federation of Independent, Fed Locations: Washington

☆ WeightWatchers could either win big or lose faithful customers, or both, in its pivot to Ozempic trend
▼ + stars: | 2023-07-22 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Sequence offers access to weight-loss drugs like Ozempic and Wegovy. Analysts say the move could save the company, but some WeightWatchers members aren't happy. Although the medication has gained popularity online and among celebrities, veteran WeightWatchers members aren't all happy with the company's pivot. Some WeightWatchers members expressed concern that the company was abandoning its message of self-restraint for the easy solution of weight-loss medication. Sequence, meanwhile, prescribes weight-loss medications like Ozempic and Wegovy and helps patients afford the drugs through insurance and reimbursements.

Persons: WeightWatchers, aren't, They're, Goldman Sachs, Sima Sistani, Jenny Craig Organizations: WW, Inc, Bloomberg, Employers

☆ U.K. Inflation Rate Slows to 7.9 Percent, as Price Pressures Ease
▼ + stars: | 2023-07-19 | by ( Eshe Nelson | More About Eshe Nelson | ) www.nytimes.com time to read: +4 min

Headline inflation rates have declined, but policymakers are closely watching other measures of price pressure that signal how deeply inflation has become embedded in the British economy. In June, some of these price pressures eased: Inflation in the services sector slowed slightly to 7.2 percent, and core inflation declined for the first time since January. In January, the government pledged to halve the inflation rate by the end of this year, which would mean a fall to 5.2 percent. This partially explains Britain’s relatively high inflation rate — which is higher than in Western Europe and double the rate in the United States — but there are other reasons that inflationary pressures in Britain are strong. The Bank of England raised its interest rate a 13th time last month, to 5 percent, from 0.1 percent in late 2021.

Persons: Price, ” Andrew Goodwin, Mr, Goodwin, ” Andrew Bailey, Bailey Organizations: Oxford Economics, Bank of England, Employers Locations: British, Europe, Britain, Western Europe, United States

☆ Retail sales rose in June for third straight month
▼ + stars: | 2023-07-18 | by ( Bryan Mena | ) edition.cnn.com time to read: +4 min

Washington, DC CNN —Spending at US retailers rose in June for the third month in a row, in a subdued show of resilience from American consumers. Retail spending, which is adjusted for seasonality but not inflation, rose 0.2% in June, the Commerce Department reported Tuesday. Furniture sales jumped 1.4% in June from the prior month, while spending at department stores fell by 2.4% during the same period. Excluding sales at gasoline stations and on cars and parts, retail sales rose 0.3% in June from May. From a year earlier, overall retail sales rose 1.5% in June, the second-weakest pace since May 2020.

Persons: ”, Ian Shepherdson, Kieran Clancy, —, Lydia Boussour Organizations: DC CNN, Retail, Commerce Department, ”, Employers, Federal Reserve, ” Fed, Fed Locations: Washington, EY

☆ Despite shakeup at the Fed, a rate hike in September is likely
▼ + stars: | 2023-07-17 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

Fed Chair Powell has said the Fed still has more work to do, and he himself hasn’t ruled out back-to-back rate hikes. But he also suggested that the Fed prefers to get rate hikes over with as soon as possible. The Fed is overwhelmingly expected to raise its key federal funds rate later this month after it paused in June after 10 straight rate hikes. If core inflation continues to moderate only slightly, Fed officials might just want to get the second rate hike over with. The FOMC next meets on July 25-26, with an announcement on rate hikes due at 2 p.m.

Persons: Louis, James Bullard, Adriana Kugler, Powell, hasn’t, Christopher Waller, ” Waller, ”, weren’t, Kugler, That’s Organizations: DC CNN, Federal Reserve, Fed, Louis Fed, Market Committee, “, New York University Locations: Washington, April’s

☆ US economic activity rose slightly in recent weeks, Fed survey shows
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +5 min

July 12 (Reuters) - U.S. economic activity increased slightly in recent weeks, with slow growth seen continuing in coming months, according to a Federal Reserve report published on Wednesday that also offered further indications of abating inflation pressures. "Overall economic expectations for the coming months generally continued to call for slow growth," the Fed said. Meanwhile, the report largely dovetailed with other recent data suggesting upward pressure on prices was softening. Credit standards tightened for all loan types, and loan spreads continued to narrow." Data since the June 13-14 meeting have shown an economy still growing despite expectations that the 5 percentage points of Fed rate increases over the last year or so would tip it into recession.

Persons: Price, Dan Burns, Paul Simao, Andrea Ricci Organizations: Federal, Richmond Fed, New York Fed, San Francisco Fed, Employers, Labor, Thomson Locations: U.S, New York

☆ Many Americans fear a recession as severe as 2008 could be coming. Here’s what experts say
▼ + stars: | 2023-07-07 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

To that point, 68% are expecting a recession in the next six months, and 80% of those respondents expect it to be severe. Experts weigh in3 reasons it can be smarter to rent, even if you can buy Yet, predictions from various experts are not as dire. watch nowAt Raymond James, the current forecast calls for a "very, very mild" recession, according to chief economist Eugenio Aleman. Raymond James is predicting a 1.3% growth rate for 2023 and 0.6% for 2024 — which coincides with the firm's forecast for a "very, very mild recession," Aleman said. To cope with high inflation, Nationwide's survey found more than half of respondents are eating out less, with 54%.

Persons: Jamie Grill, We're, Kathy Bostjancic, it's, Raymond James, Eugenio Aleman, Aleman, Nonfarm, —, Gray, Tang Ming Tung, Bostjancic Organizations: Finance, Nationwide, U.S . Department of Labor, ADP, Employers, Challenger, Federal Reserve, Getty, Auto Locations: U.S, American

☆ The Job Market Cools, but Remains Strong
▼ + stars: | 2023-07-07 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

U.S. employers added 209,000 jobs in June, which was the 30th consecutive month of job growth, according to data released today. The gains, however, were the slowest in a two-and-a-half-year streak of growth. Analysts saw the report as more or less good news, especially following slowing inflation. Some experts have warned that the Federal Reserve’s moves to fight rising prices could result in significant job losses, while policymakers have expressed concerns that the job market remains too hot. The Fed is widely expected to raise interest rates later this month in an effort to drag inflation down lower, which could further cool the labor market.

Persons: Talmon Joseph Smith, “, —

☆ The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?
▼ + stars: | 2023-07-06 | by ( Ben Casselman | More About Ben Casselman | ) www.nytimes.com time to read: +1 min

Wage growth has slowed, especially in the low-paying service jobs where it surged as turnover peaked in late 2021 and early 2022. Employers, though still complaining of labor shortages, report that it has gotten easier to hire and retain workers. Ms. Richardson compared the labor market to a game of musical chairs: When the economy began to recover from pandemic shutdowns, workers were able to move between jobs freely. “Everyone knows the music is about to stop,” Ms. Richardson said. Ms. Moya, 38, became one of the millions of Americans to start a small business during the pandemic.

Persons: ”, Nela Richardson, Ms, Richardson, ” Aubrey Moya, —, Moya Organizations: Employers

☆ How much income would you need to feel rich? Here's the answer Americans surveyed gave
▼ + stars: | 2023-07-06 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +4 min

CNN —They are age-old questions: How much do you need to feel financially secure? How much would you need to feel rich? More than 2,500 US adults said they would need to earn, on average, $233,000 a year to feel financially secure and $483,000 annually to feel rich or to attain financial freedom, according to a new survey from Bankrate. Plus, a big income isn’t necessarily a guarantee of financial security if you’re living paycheck to paycheck, not saving much and carrying big debts. In Bankrate’s survey 72% of respondents said they did not currently feel financially secure, although 46% said they expect to someday.

Persons: you’re Organizations: CNN, Census Bureau, Employers Locations: Bankrate

☆ There was an intense debate at the Fed over pausing rate hikes, minutes show
▼ + stars: | 2023-07-05 | by ( Bryan Mena | ) edition.cnn.com time to read: +5 min

Washington, DC CNN —Fed officials vigorously debated whether to hike rates again or hold them steady, according to minutes from the most recent meeting, released Wednesday. The Fed held its key federal funds rate steady at a range of 5-5.25%, snapping a streak of 10 consecutive rate hikes since the Fed began lifting rates in March 2022. The Fed wants to see the labor market, which include monthly job and wage gains, slow to a pace that’s consistent with 2% inflation. Job openings are down from their record high last year and the rate of quitting has slowed to near pre-pandemic levels. Consumer spending has cooled in the past several months, according to figures from the Commerce Department.

Persons: Jerome Powell, ”, Quincy Krosby, Powell, “, Joe Biden’s Organizations: DC CNN — Fed, Fed, LPL, Commerce Department Locations: Washington, April’s

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