An emerging priority for Fed chief Jerome Powell: The plight of the poor

The Japan Times

WASHINGTON – Testifying to Congress this month, Federal Reserve Chair Jerome Powell sent a message seldom heard from his predecessors: That the Fed should consider the struggles of the lowest-income Americans in setting its interest-rate policies. "We want to remind ourselves," Powell said, "that prosperity isn't experienced in all communities. Low- and moderate-income communities in many cases are just starting to feel the benefits of this expansion." It wasn't the first time Powell had sounded that theme of late. At a news conference in July, he noted that pay had begun rising fastest for lower-skilled workers, a shift from earlier in the economic expansion.


'Call Of Duty: Infinite' Warfare' DLC 2 Release Date, Maps, Zombies Trailer Revealed

International Business Times

Call Of Duty: Infinite Warfare DLC 2, titled Continuum, is set to release April 18, and there's a brand new Zombies trailer to watch. In a press release, Activision announced the upcoming season pass content. Before getting to Zombies, let's first talk multiplayer. Here are the names and descriptions of the four maps the expansion contains. Beyond multiplayer, Continuum also brings Infinite Warfare's third main Zombies chapter.


The GOP's last-ditch Obamacare repeal bill may be the worst one yet

Los Angeles Times

The Republican effort to repeal the Affordable Care Act is back, a zombie again on the march weeks after it was declared dead. The newest incarnation is Cassidy-Graham, named after chief sponsors Bill Cassidy of Louisiana and Lindsey Graham of South Carolina. Compared with its predecessors, the bill would increase the ranks of America's medically uninsured more -- by millions of people -- cost state governments billions more and pave the way for the elimination of all protection for those with preexisting medical conditions. Among the biggest losers of federal funding would be the states that had the foresight to expand Medicaid under the Affordable Care Act and the resolve to reach out to lower-income residents to get them coverage; they'd be punished with draconian cuts in healthcare funding. Among the big winners would be states that have done nothing of the kind for their residents -- refusing the Medicaid expansion and interfering with outreach efforts.


March 2019: Automation and the Future of Work - Connected World

#artificialintelligence

Reskilling the workforce comes in two flavors--short term and long term. Consider a scenario in which a self-checkout machine replaces a cashier at a grocery store. The cashier will need to develop new skills to adapt to shifting demands in the labor force. "The time investment in this reskilling may be short in duration and represent a tangential shift in job duties," deRitis says. "Continuing the example, the displaced cashier may learn to use the store's inventory-management system to keep store shelves stocked while minimizing losses."


4 Fed leaders to share thoughts on central bank's influence

U.S. News

Arguably no one holds more sway over the global economy and financial markets than the chairman of the Federal Reserve. And on Thursday evening, all four living Fed leaders, past and present, will gather for a public conversation to take stock of the outsize role each has played. The four -- Janet Yellen, the current Fed chair, and her three immediate predecessors, Ben Bernanke, Alan Greenspan and Paul Volcker -- will launch a speaker's program honoring Volcker at the International House in New York, a residential dormitory for foreign students. With the possible exception of Greenspan, who may take part by video link, all will gather on site. The program, called "When the Federal Reserve Speaks, the World Listens," will be guided by Fareed Zakaria of CNN.