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Fed Powell Got Inflation, Interest Rate Agony From Small Business

Small businesses give Fed chairman an earful

YORK, Pa. (AP) Federal Reserve officials typically gather many of their insights and observations about the economy from some of the top Ph.D. economists in Washington.

Fed's Jerome Powell gets earful from small businesses | News, Sports, Jobs

By CHRISTOPHER RUGABER AP Economics Writer YORK, Pa. Federal Reserve officials typically gather many of their insights and observations about the econ

Fed's Powell gets an earful about inflation and interest rates from small businesses – Marin Independent Journal

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.

Fed's Powell gets an earful about inflation and interest rates from small businesses