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☆ IDF lookouts said they saw unusual activity along the Gaza border before the October 7 attack, but their commanders told them to stop bothering them, report says
▼ + stars: | 2023-11-19 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +3 min

IDF lookouts warned their commanders about activity along the Gaza border, according to reports. Some of the activity the lookouts witnessed included unusual training protocols and more people lingering near the fence, per the outlet. Previous reports stated commanders told their lookouts Hamas were "just a bunch of punks" who wouldn't "do anything" when they reported what they had seen. "A day before everything happened, I saw people with maps," one lookout told N12, per J Post. Other lookouts reported seeing the same drills over and over: shooting, laying on the ground, then throwing grenades.

Persons: —, you'll Organizations: Service, Jerusalem Post Locations: Gaza, Jerusalem

WASHINGTON— Mike Johnson ’s grace period is likely over with House Republicans, with griping and obstructionism firing up again from different wings of his party, undercutting his efforts to unify the GOP heading into a rebooted budget fight. After winning the gavel in late October, the Louisiana Republican averted a crisis this past week and passed a short-term spending bill that funds the government through early next year. But to do so, the new speaker had to rely on large numbers of Democrats, with 95 members of his own party voting against that deal because they said it did too little to cut federal spending or secure the border.

Persons: WASHINGTON, Mike Johnson ’ Organizations: House Republicans, Louisiana Republican Locations: Louisiana

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☆ Exclusive: Jacobs poised to merge government consulting unit with Amentum
▼ + stars: | 2023-11-16 | by ( David Carnevali | ) www.reuters.com time to read: +3 min

REUTERS/Joe Skipper/File Photo Acquire Licensing RightsNov 16 (Reuters) - Engineering consultant Jacobs Solutions Inc (J.N) is in advanced talks to merge its government consulting arm at a valuation of more than $4 billion with private equity-owned Amentum Services Inc, people familiar with the matter said on Thursday. Under the terms discussed, Amentum would merge with Jacobs' Critical Mission Solutions (CMS) business to create a new publicly traded company that would be majority-owned by Jacobs' shareholders, the sources said. Jacobs, Amentum, Lindsay Goldberg and American Securities did not immediately respond to requests for comment. The deal with Amentum would free up resources for Jacobs to focus on its people and places solutions division, which provides transportation and environmental consulting to government entities and private sector clients, and PA Consulting, a management consulting business advising across several sectors. Amentum provides technical and advisory services to government clients including the Air Force and NASA, as well as commercial clients such as ExxonMobil (XOM.N) and Caterpillar (CAT.N).

Persons: Joe Skipper, Amentum, Jacobs, Lindsay Goldberg —, Lindsay Goldberg, Robert Pragada, Artemis, Aecom, PAE, David Carnevali, Lisa Shumaker Organizations: Kennedy Space Center, REUTERS, Engineering, Solutions Inc, Amentum Services Inc, Jacobs, American Securities, NASA, PA Consulting, Air Force, ExxonMobil, Caterpillar, Thomson Locations: Cape Canaveral , Florida, U.S, New York

The walkout comes on the coffee chain's Red Cup Day event, during which Starbucks hands out free red-colored, reusable, holiday-themed cups to customers on their coffee purchases. About a dozen workers picketed outside Starbucks' Astor Place outlet at the New York University's campus chanting "no contract, no coffee" and other rhymes. Red Cup day has typically been a major driver of store traffic, with Placer.ai data showing that visits to U.S. Starbucks stores on the day last year jumped 94% over the daily average for the full year. Mary Boca, 22, Astor Place, New York barista, said she wants to see higher pay and more staff at Starbucks. Last year, workers at more than 100 U.S. company-owned Starbucks locations had held a one-day strike on Red Cup day.

Persons: Lindsay DeDario, Mary Boca, , New York barista, Boca, Edwin Palma Solis, Granth, Shinjini Organizations: Mobile, REUTERS, Starbucks, Workers United, NYU, Workers, U.S ., Red, Thomson Locations: Hamburg, Buffalo , New York, U.S, United States, Astor, York, , New York, Bengaluru, Arriana, New York City

☆ Equity market rally will likely continue as bond yields have peaked, says Merrill's Lindsay Hans
▼ + stars: | 2023-11-16 | 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 EmailEquity market rally will likely continue as bond yields have peaked, says Merrill's Lindsay HansLindsay Hans, president and co-head of Merrill Wealth Management, joins 'Closing Bell' to discuss the equity market and her economic outlook.

Persons: Merrill's Lindsay Hans Lindsay Hans Organizations: Equity, Merrill Wealth Management

The U.S. government narrowly averted shutting down—again. WSJ explains why the growing divide in Congress is leading to threats of a shutdown nearly every year. Photo illustration: Madeline MarshallWASHINGTON—Congressional shutdown brinkmanship is taking a break, but it could be back with a vengeance soon. Faced with a government-funding deadline this weekend, House lawmakers of both parties agreed Tuesday to back a short-term plan that simply extends the status quo until early next year, rather than stage another bare-knuckle fight now over spending and policy priorities.

Persons: —, Madeline Marshall WASHINGTON Organizations: Congressional

WSJ explains why the growing divide in Congress is leading to threats of a shutdown nearly every year. Photo illustration: Madeline MarshallWASHINGTON—Congressional shutdown brinkmanship is taking a break, but it could be back with a vengeance soon. Faced with a government-funding deadline this weekend, House lawmakers of both parties agreed Tuesday to back a short-term Republican plan that extends the status quo until early next year, rather than stage another bare-knuckle fight now over spending and policy priorities. The far-less-pugnacious Senate followed Wednesday, approving the proposal 87 to 11. The bill now goes to President Biden for his signature.

Persons: —, Madeline Marshall WASHINGTON, Biden Organizations: Congressional

☆ UK inflation falls by more than expected in October to 4.6%, lowest in two years
▼ + stars: | 2023-11-15 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Food and non-alcoholic beverages also contributed to the easing of inflation, with the annual rate falling to its lowest since June 2022. The largest downward contribution came from housing and household services, the Office for National Statistics revealed, where the annual rate for CPI hit the lowest since records began in January 1950. Core CPI — which excludes volatile food, energy, alcohol and tobacco prices — fell to an annual 5.7% in October from 6.1% in September. LONDON — U.K. inflation fell sharply in October to 4.6% from 6.7% the previous month, hitting a two-year low. The drop was welcome news for Downing Street after Prime Minister Rishi Sunak committed to halving U.K. inflation back in January, when the annual CPI rate was running above 10%.

Persons: Rishi Sunak, Lindsay James Organizations: National Statistics, CPI, Reuters, LONDON, Bank of England, Downing, Bank of England's, Quilter Investors, Monetary

☆ Instant view: Cooler October US CPI raises confidence that Fed hikes done
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +8 min

Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.

Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, “, ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, ” Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON

CNN —The Chinese government has built up the world’s largest known online disinformation operation and is using it to harass US residents, politicians, and businesses—at times threatening its targets with violence, a CNN review of court documents and public disclosures by social media companies has found. Victims face a barrage of tens of thousands of social media posts that call them traitors, dogs, and racist and homophobic slurs. While tech and social media companies have shut down thousands of accounts targeting these victims, they’re outpaced by a slew of new accounts emerging virtually every day. As part of a mission “to manipulate public perceptions of [China], the Group uses its misattributed social media accounts to threaten, harass and intimidate specific victims,” the complaint states. In the past, the Spamouflage network mostly focused on issues domestically relevant to China.

Persons: –, Xi Jinping, Biden, Mike Gallagher, Chen Pokong, ”, Chen, “, Spamouflage’s, Liu Pengyu, ” Liu, Jiayang, Darren Linvill, hasn’t, Fan, Communist Party playbook, Mandiant, Nancy Pelosi, ” Ben Nimmo, George Floyd’s, Ben Nimmo, Lindsay Gorman, Gorman, ” Linvill, Linvill, Spamouflage, Jiajun Qiu, Qiu, ” Qiu Organizations: CNN, US State Department, FBI, Communist Party, Meta, Google, ”, CCP, US Department of Justice, Department, DOJ, China’s Ministry of Public Security, Group, New Yorker, telltale, Media, Clemson University, Capitol, Department of Homeland Security, Marshall Fund’s Alliance, Securing Democracy, YouTube Locations: United States, Beijing, San Francisco, China “, New York, China, New York City, America, Washington, Hong Kong, US, Texas, Virginia, Manassas , Virginia

☆ Jamie Lee Curtis teases ‘Freaky Friday 2’ team-up with Lindsay Lohan
▼ + stars: | 2023-11-11 | by ( Dan Heching | ) edition.cnn.com time to read: +2 min

Jamie Lee Curtis shared a stunning selfie with her “Freaky Friday” costar Lindsay Lohan on her verified Instagram account on Friday, with a caption that hints a sequel is a strong possibility in the “near future.”“Too late. Curtis was referring to her and Lohan’s 2003 Disney movie “Freaky Friday,” which tells the story of a mother and daughter who switch bodies and all the hilarity that ensues. Lindsay Lohan and Jamie Lee Curtis in 2003's "Freaky Friday." Walt Disney/Everett CollectionThis isn’t the first time Curtis has teased a possible sequel to the popular remake. In February, she shared a similar post on Instagram of herself with Lohan, writing “Freaky fingers crossed” in the caption.

Persons: CNN — It’s, Jamie Lee Curtis, Lindsay Lohan, ” “, ” Curtis, Lohan, Curtis, Jodie Foster, Barbara Harris, Mary Rodgers, Walt Disney, ’, Lacey Chabert, Amanda Seyfried Organizations: CNN, Disney, Everett, Hollywood

☆ UK economy flatlines as finance minister decries inflation drag
▼ + stars: | 2023-11-10 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The U.K. economy flatlined in the third quarter, initial figures showed Friday. Services sector output dropped 0.1% on the quarter, but the decline was offset by a 0.1% increase in construction performance, while the production sector flatlined. U.K. Chancellor of the Exchequer Jeremy Hunt said high inflation remains the "single greatest barrier to economic growth" in the country, with the consumer price index remaining at 6.7% year-on-year in September. While somehow avoiding a recession this year, today's no growth reading means the UK economy is flatlining with only 0.2% economic growth in the last six months." As the Bank of England stated earlier this month that more than half of the impact of higher interest rates on the level of GDP is still to come through, the U.K. economy faces growing headwinds as we approach 2024."

Persons: Jeremy Hunt, Hunt, Lindsay James Organizations: Gross, Services, Chancellor, Quilter Investors, Bank of England Locations: Canary, London, U.K

The letters were just the latest worrisome disruption for election workers in Seattle and across the country who have been besieged by threats, harassment and intimidation since the 2020 presidential election. Fulton County has been the target of conspiracy theories since the 2020 election, and its election workers have been harassed and threatened over false claims that they were stuffing ballots to aid Democrats. In Pennsylvania, officials estimate 40 of the state’s 67 county election offices have new directors or deputy directors since 2020. In North Carolina, where Republican lawmakers recently moved to gain more control of state and local election boards, roughly a third of 100 county election directors have left since the 2020 election. About 1 in 5 election workers knows someone who left their election job for safety reasons, and about 70% of local election officials said harassment has increased, according to a Brennan Center survey.

Persons: “ There’s, ”, Julie Wise, we’re, –, Brad Raffensperger, ” Raffensperger, “, Barb Byrum, ” Byrum, Kim Wyman, ” Wyman, Liz Howard, Wise, Ed Komenda, Manuel Valdes, Jeff Amy, Lindsay Whitehurst Organizations: ATLANTA, FBI, U.S . Postal, Service, Authorities, Georgia, Republican, Justice Department, Brennan, Associated Press Locations: King County , Washington, Washington, Seattle, King, Georgia, Nevada , California, Oregon, Atlanta’s Fulton County, Fulton County, Ingham County , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Virginia, Tacoma , Washington, Atlanta

The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. China is Brazil's largest trading partner, however Chinese investments in Brazil fell 78% in 2022, the Brazil-China Business Council (CEBC) said in August. "We believe that more Chinese investment will be willing to ... invest into the Latin America region, especially in Brazil," said Lin. "I don't remember when politics got so involved in daily business," Lin said, reflecting on her 21 years in business. However, there were still Chinese companies listing here, said Lin and China's securities regulator China Securities Regulatory Commission had pre-approved 20 Chinese ADRs.

Persons: China’s, Bobby Yip, Lindsay Lin, Lin, CICC, acquirer, Biden, Didi Global, we're, ” Lin, Megan Davies, Echo Wang, Diane Craft Organizations: China International Capital Corporation, REUTERS, Securities, China International Capital Corp, HK, Reuters NEXT, China Business Council, Monetary Fund, China Securities Regulatory Commission, Reuters, reuters, Thomson Locations: Hong Kong, China, Brazil, New York, America, Latin America, U.S, China's

The potential Georgia connection surfaced a day after authorities in Washington state said four county election offices had to be evacuated as election workers were processing ballots cast in Tuesday’s election, delaying vote-counting. Election offices in Seattle’s King County and ones in Skagit, Spokane and Pierce counties received envelopes containing suspicious powders. Political Cartoons View All 1237 ImagesTacoma Police spokesperson William Muse said a message inside the envelope received by Pierce County election workers said “something to the effect of stopping the election." It was not immediately clear how authorities came to suspect that a letter might have been sent to the Fulton County election office or whether similar ones went to election offices in other states. "Election officials should be free from fear and intimidation, which is why I’ve called on the General Assembly to increase penalties for election interference,” Raffensperger said.

Persons: William Muse, Muse, Steve Hobbs, ”, Brad Raffensperger, I’ve, ” Raffensperger, accidently, Gene Johnson, Lindsay Whitehurst Organizations: WASHINGTON, —, Georgia Emergency Management, Homeland Security Agency, The Associated Press, Tacoma Police, U.S . Department of Justice, FBI, U.S . Postal, Service, AP, Assembly, Associated Press Locations: Fulton County, Georgia, Atlanta, Washington, Seattle’s King County, Skagit , Spokane, Pierce, Kings, Spokane, Pierce County, United States, Seattle

One Medical offers 24-hour virtual access to physicians, online appointment booking, medical records release, prescription renewals and specialist referrals. Subscription fees are not mandatory to receive in-person medical services and the fees do not cover medical services. Prime members can add up to five additional family members to their One Medical subscription for $6 per month for each family member. In July, Amazon offered Prime members One Medical subscriptions for $144 for their first year, compared to the $199 price tag of the annual, single member telehealth package. Amazon announced a similar deal in February for new One Medical customers, regardless of whether or not they were Prime members.

Persons: Brendan McDermid, Neil Lindsay, Arriana McLymore, David Gregorio Our Organizations: Amazon, REUTERS, Medical, Thomson Locations: New York City, U.S, NY, New York

REUTERS/Ken Cedeno/Pool/File Photo Acquire Licensing RightsDUBLIN Nov 8 (Reuters) - A rise in geopolitical tensions across the world could aggravate already subdued growth in Europe and China and the spillover may alter the path of the U.S. economy, Federal Reserve Governor Lisa Cook said on Wednesday. "We are not only watching subdued growth, we're watching the geopolitical tensions that we're all talking about, and that could change the outlook both in the United States and the global economy." Cook added that geopolitical tensions may in particular destabilize commodity markets and access to credit in the current higher interest rate environment. "Any shock could make the situation worse that we're already (in)... and could be destabilizing to commodity markets, could be destabilizing to the system of credit," Cook said. "More broadly, escalation of geopolitical tensions could lead to lower economic activity and increased fragmentation of global trade flows and financial intermediation, raising financing and production costs and contributing to more sustained supply chain challenges and inflationary pressures," Cook said.

Persons: Lisa DeNell Cook, Ken Cedeno, Lisa Cook, Cook, We're, Padraic Halpin, Conor Humphries, Ann Saphir, Lindsay Dunsmuir, Leslie Adler, Mark Potter Organizations: Governors, Federal Reserve System, Banking, Housing, Urban, Capitol, Washington , D.C, REUTERS, DUBLIN, Federal, Central Bank of Ireland, Thomson Locations: Michigan, Washington ,, Europe, China, U.S, Dublin, United States, Ukraine, Russia, East, San Francisco

☆ How Hermès Turned a Dog Collar Into a Bag
▼ + stars: | 2023-11-08 | by ( Lindsay Talbot | ) www.nytimes.com time to read: +1 min

In 1821, a 20-year-old innkeeper’s son named Thierry Hermès, who grew up in the German textile town of Krefeld, moved to France’s Normandy region and apprenticed as a saddler. Eleven years later, he opened his own workshop in Paris, where he sold harnesses, bridles and saddles crafted with a stitch that can only be done by hand. After the advent of the automobile, Thierry’s grandson Émile-Maurice Hermès expanded the company’s offerings to include driving accessories and luggage trunks, as well as clocks and wristwatches with leather casings and straps. In 1923, the house even introduced a collection of dog collars, which were elaborately decorated with leather studs, metal looped rings and fringed trimmings. They became so popular that women began wearing them as belts; as the story goes, the French couturier Marie Callot Gerber, whose dogs wore the collars, commissioned Hermès to reinterpret them as wrist cuffs.

Persons: Thierry Hermès, Émile, Maurice Hermès, Marie Callot Gerber, Hermès Locations: Krefeld, Normandy, Paris

The long-awaited move by Rep. James Comer, the chairman of the House Oversight Committee, to subpoena the president's son Hunter and his brother James comes as Republicans look to gain ground in their nearly yearlong investigation. Lawmakers also requested that James Biden's wife, Sara Biden, and Hallie Biden, the wife of the president's deceased son Beau, appear voluntarily for transcribed interviews. Requests for comment from Hunter Biden and James Biden were not immediately returned. The five-year investigation into Hunter Biden had been expected to end with a plea deal this summer, but it imploded during a July plea hearing. Weiss has now charged the president’s son with three firearms felonies related to the 2018 purchase of a gun during a period Hunter Biden has acknowledged being addicted to drugs.

Persons: Joe Biden's, James Comer, Hunter, James, Biden's, Biden, ” Comer, Hunter Biden, James Biden, Rob Walker, Lawmakers, James Biden's, Sara Biden, Hallie Biden, Beau, Donald Trump, Hunter Biden’s, Abbe Lowell, ”, Comer, MAGA, Lowell, Mike Johnson, Kevin McCarthy, Johnson, “, ” Johnson, Barack, Joe Biden, David Weiss, Weiss, Lindsay Whitehurst, Eric Tucker Organizations: WASHINGTON, —, Constitution, White, Democratic, White House, Fox News Channel, Fox, Republicans, Biden family’s, Department, Justice Department, Associated Press Locations: Kentucky, Louisiana

☆ Amazon beefs up Prime loyalty program with One Medical discount
▼ + stars: | 2023-11-08 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon is beefing up its mainstay Prime subscription program with a new benefit that gives members access to discounted One Medical memberships. Prime members can add up to five additional memberships on the same plan at a rate of $6 per person, Amazon said. Amazon is integrating One Medical into its Prime membership service after acquiring the primary health-care provider in July 2022 for roughly $3.9 billion. The tech giant has steadily added a buffet of benefits to its Prime membership program over the years as a way to lure more subscribers. Launched in 2005, Amazon Prime gives members access to free two-day shipping, as well as access to exclusive movies and TV shows, among other perks.

Persons: Neil Lindsay Organizations: Amazon Health, Amazon Prime, Amazon Locations: U.S, Haven

☆ Remarketing is a low-cost and effective advertising strategy — small-business owners share the 3 tips they swear by
▼ + stars: | 2023-11-08 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +6 min

Remarketing to customers who have previously engaged with your brand can lead to new purchases. Insider talked with the Glassers and Karasin to learn about remarketing strategies for small businesses on a budget. The Glassers agreed that showing new aspects of their brand to customers is an effective strategy when remarketing. "If you're wanting to start running remarketing ads, have a few different types of content and a few different kinds of audiences and see what's working and what's not," she said. To monitor ad performance effectively, Karasin suggested that nontechnical business owners get support in setting up their pixels and attribution tracking.

Persons: remarket, SBOs, —, Lindsey, Courtney Glasser, Lindsay Glasser, Lindsey Glasser, Grey, Joe Karasin, Karasin, it's, what's Organizations: Small, Service, PPC, YouTube Locations: remarketing

"This was an outstanding quarter ... this big blowout number," Waller told an economic data seminar at the St. Louis Fed. So this is something we are keeping a very close eye on when we think about policy going forward." It's clearly calming down," with recent employment gains more in line with the levels seen before the coronavirus pandemic, Waller said. The Fed is in the process of weighing that and other data to determine whether to hike the benchmark policy rate again. However neither Goolsbee nor Minneapolis Fed President Neel Kashkari, who spoke to Bloomberg Television on Tuesday, ruled out further Fed rate increases.

Persons: Christopher Waller, Waller, Louis Fed, Michelle Bowman, Bowman, Lisa Cook, Austan Goolsbee, Goolsbee, Neel Kashkari, Kashkari, Howard Schneider, Lindsay Dunsmuir, Michael Derby, Ann Saphir, Paul Simao, Andrea Ricci Organizations: Federal Reserve, St, Ohio Bankers League, Fed, New York Fed, Atlanta, CNBC, Chicago Fed, Minneapolis, Bloomberg Television, Thomson Locations: U.S

☆ Capitol Hill Targets Legacy Preferences for College Admissions
▼ + stars: | 2023-11-07 | by ( Lindsay Wise | Jennifer Calfas | ) www.wsj.com time to read: +1 min

Changes to the Free Application for Federal Student Aid, or Fafsa, will allow people to make contributions to their 401(k) without it impacting the amount of financial aid they receive. WSJ personal-finance reporter Oyin Adedoyin joins host J.R. Whalen to discuss. PHOTO: ISTOCKWASHINGTON—Senators are taking fresh aim at legacy and donor preferences for admission to college, as advantages given to certain students and groups come under increasing scrutiny following a recent Supreme Court ruling striking down the use of race in college admissions. and Tim Kaine (D., Va.)—called the MERIT Act—would try to end legacy admissions at colleges and universities. The bipartisan legislation would add a new standard for accreditation under the Higher Education Act that would prohibit institutions from giving preferential treatment during the admissions process based on an applicant’s relationship to alumni or donors.

Persons: Oyin Adedoyin, Whalen, Todd Young, Tim Kaine, — Organizations: Federal Student Aid, WASHINGTON —, Sens, Higher Locations: Ind, Va

☆ Fed is making progress on inflation, Goolsbee says
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

"Over the next couple of months, we might equal the fastest drop in inflation in the last century," Goolsbee said in an interview with broadcaster CNBC. "So we're making progress on the inflation rate. The term premium is the added compensation investors expect for owning longer-term debt and is measured using financial models. Higher yields and more broadly tightening financial conditions help the Fed by tamping down growth and cooling inflation. If that's coming from term premium and it's tightening, then we have got to take that into account," Goolsbee said.

Persons: Austan Goolsbee, Goolsbee, I've, Lorie Logan, Lindsay Dunsmuir, Andrew Cawthorne, Paul Simao Organizations: Federal, Chicago Fed, CNBC, Dallas, Thomson Locations: U.S

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