When it comes to raising interest rates without spurring recession, the Federal Reserve doesn’t have a great track record. Plus: Teachers grapple with rising prices and small businesses think twice about new loans.
The economic showdown between Russia and the EU enters a new phase
“A look at the record shows that the Fed often stumbles in its efforts to save the day,” says Ben White, chief economic correspondent at Politico.
Their salaries, most negotiated for years at a time, haven’t kept up with sharply rising prices.
And companies may have good reasons not to.
Hiring based on skills rather than degrees is more labor intensive.
In the words of one business owner: “Why would I want to go into any type of expansion?”
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