ICYMI: The head of Louisiana State Police announced this week that he plans to retire in January 2024. Colonel Lamar Davis has spent 27 years with the department and in 2020 was appointed by Gov. John Bel Edwards as superintendent of the state police, placing him in charge of more than 2,600 employees. Read the full story from USA Today Network.
Rate hikes: Federal Reserve Chair Jerome Powell suggested today that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at a gradual pace. At the same time, in a panel discussion at the International Monetary Fund, Powell did not rule out another rate hike to help reduce inflation to the Fed’s 2% target level. Read the full story.
From the brink: Congressional pressure is growing on the U.S. Treasury to help salvage trucking giant Yellow from bankruptcy, from Republicans and Democrats alike, letters viewed by Reuters show. Republican Senator Josh Hawley is the latest lawmaker to ask Treasury, in a letter on Thursday, to extend the terms of a controversial $700 million pandemic loan granted by the Trump administration to Yellow. Read the full story from Reuters.
