Federal Reserve policies can divide generations:

Joan Harris, 64, saw a $500K home for sale in her neighborhood and realized she could probably sell her home for more. Her daughter had a different reaction to an even more expensive place:

apnews.com/article/inflat…

EXTREMELY happy to finally publish this piece:

I lingered about in Dearborn just after the Michigan primary and asked pretty much EVERYONE about the historic 'uncommitted' results, and more importantly, what happens next.

slate.com/human-interest…

What would Wall Street think of the plan, circulating among Trump advisers, to erode the Federal Reserve's independence (as reported by WSJ's Nick Timiraos and others)?

JPMorgan CEO Jamie Dimon gives a hint in an The Associated Press interview: 'I don’t know what these people are thinking.'

In an interview with the AP:
NEW YORK (AP) — JPMorgan CEO Jamie Dimon says stagflation could be one of a number of possible outcomes for the U.S. economy as the Federal Reserve attempts to tame stubbornly high consumer prices.

apnews.com/article/jpmorg…

Antiwar protesters' calls for divestment at universities put spotlight on how endowments are managed apnews.com/article/campus…

Tough new EPA rules would force coal-fired power plants to capture emissions or shut down. GOP-led states likely to sue as industry calls rules unworkable. Environmentalists cheer.

My ⁦The Associated Press⁩ story apnews.com/article/5c96ca…

At a Reuters event, Secretary Janet Yellen talks about Chinese 'over-capacity':

'This is a problem that developed over many years, it’s a not going to be solved in a day or a week ... but we don’t our industry wiped out in the meantime, I wouldn't want to take anything off the table.'

BREAKING: U.S. growth slowed sharply last quarter to 1.6% rate, reflecting an economy pressured by high rates. apnews.com/article/econom…

The US is now allowed to seize Russian state assets. How would that work? apnews.com/article/russia…

National security adviser Jake Sullivan said Wednesday the issue of seizing Russian assets would be an important topic when leaders of the G7 countries meet in Italy in June, adding that 'the ideal is that we all move together.'

apnews.com/article/russia…

1 in 4 U.S. adults over 50 say they expect to never retire and 70% are concerned about prices rising faster than their income, an AARP survey finds.

Everyday expenses and housing costs are the biggest reasons why people are unable to save for retirement.
tinyurl.com/kyttp3kc

TikTok says it will file a legal challenge to block the federal legislation that would force it to break ties with its parent company or face a ban.

UN calls for investigation into mass graves uncovered at two Gaza hospitals raided by Israel apnews.com/article/un-isr…

BREAKING: Senate passes bill forcing TikTok's parent company to sell or face ban, sends to Biden for signature apnews.com/article/tiktok…

WASHINGTON (AP) — Senate gives final approval to aid for Ukraine, Israel and Taiwan, sending long-delayed bill to Biden for his signature.

BREAKING: In 3-2 vote the FTC approves its sprawling, historic ban on non-compete agreements.

All non-competes banned moving forward. Existing ones can remain in effect only for senior executives.

Lawsuits seeking to block the rule certain to follow.
huffpost.com/entry/federal-…

My colleague Cora Lewis took a deep dive into a growing type of payday loan: Earned Wage Access. These products allow you to access your paycheck early. And some customers are tapping these products so often they are spending hundreds of dollars a year:

apnews.com/article/earned…

America’s child care crisis is holding back moms without college degrees apnews.com/article/daycar…