Moving and Retirement
May 3, 2023 Fed Chair Jerome Powell’s Press Conference: " Reducing inflation is likely to require a period of below-trend growth and some softening of labor market conditions"
"We remain committed to bringing inflation back down to our 2 percent goal and to keep longer-term inflation expectations well anchored. Reducing inflation is likely to require a period of below-trend growth and some softening of labor market conditions. Restoring price stability is essential to set the stage for achieving maximum employment and stable prices over the longer run..." "To conclude, we understand that our actions affect communities, families, and businesses across the country. Everything we do is in service to our public mission. We at the Fed will do everything we can to achieve our maximum employment and price stability goals." more »
Government Accountability Office Findings - Antibiotic Resistance: Federal Agencies Have Taken Steps to Combat the Threat, But Additional Actions Needed
Government Accountability Office: "Antibiotic-resistant infections can be difficult or impossible to treat. This testimony covers our work on federal efforts to address the following challenges: Surveillance: CDC doesn't have enough data on antibiotic-resistant infections in health care settings: Diagnostics: More studies are needed to help develop and promote the use of tests to diagnose resistance: New treatments: The pipeline of new antibiotics is inadequate and not fully federally incentivized; Antibiotic use: Federal antibiotic-use requirements only apply to hospitals and nursing homes; We also describe actions federal agencies have taken to address our prior recommendations." more »
Monetary Policy Report Prepared at the Federal Reserve Bank of Richmond, Expectations for Future Growth Were Mostly Unchanged
Beige Book Reports: "Overall economic activity was little changed in recent weeks. Nine Districts reported either no change or only a slight change in activity this period while three indicated modest growth. Expectations for future growth were mostly unchanged as well; however, two Districts saw outlooks deteriorate. Consumer spending was generally seen as flat to down slightly amid continued reports of moderate price growth. Auto sales remained steady overall, with only a couple of Districts reporting improved sales and inventory levels. Travel and tourism picked up across much of the country this period. Manufacturing activity was widely reported as flat or down even as supply chains continued to improve... On balance, residential real estate sales and new construction activity softened modestly." more »
Ferida Wolff's Backyard, A Natural Path
Ferida Wolff Writes: "I find this activity so simple and calming that I like to do it often during the nice weather. And each season nature invites us to share in the changes, to see the variety that exists naturally. I hope that everyone has access to a calming place, a space to take a deep breath and let go of any worries... An awareness of the natural connection can beautifully enhance our lives." more »