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Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington. On a visit Monday to York, Pennsylvania, Chair Jerome Powell got an earful from a group with a different perspective: Small-business people who are grappling personally with inflation, high interest rates, labor shortages and other challenges of the post-pandemic economy. Powell traveled to York to learn about the efforts of the long-time manufacturing hub to diversify its economy. The businesspeople they spoke with were generally optimistic but expressed a range of concerns: They are still having trouble finding all the workers they need. Higher interest rates have discouraged some of them from expanding.

United statesYork countyJennifer heasleyJerome powellTom palisinKevin schreiberJulie flinchbaugh keenePatrick harkerManufacturer associationYork county economic allianceFederal reserveFederal reserve bankChair jerome powellYork peppermint pattiesFarm marketSweet mama