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Ex-Fed Economist Talks Fed Reserve Strategy

WASHINGTON — Bill Nelson has experienced the workings of the Federal Reserve from both sides of the street. Nelson is the chief economist of the Bank Policy Institute, a trade group for U.S. banks. Earlier in his career, he served as an economist at the Federal Reserve and rose to become deputy director of the Division of Monetary Affairs, which provides guidance for the Fed’s interest rate decisions. Like many economists, Nelson says the Fed took too long this year to start raising rates. He favors a more forward-looking strategy from the Fed, which has recently made several ...

Trade Bans, Inflation Send Food Prices Up

Soki Wu’s food stall, tucked in a food court in a shopping mall in Singapore, is a crowd favorite for its fresh, juicy “chicken rice,” a national dish. But customers recently began complaining that his chicken didn’t taste quite as good as it used to. Wu was forced to switch to ...

What All The Confusing News About The Economy Means

WASHINGTON — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead. But consumers are still spending, businesses keep posting profits and the economy keeps ...

DFT Receives State Award

The New York state Public Service Commission recently recognized Dunkirk and Fredonia Telephone Company, Cassadaga Telephone Corporation and DFT Local Service Corp. for providing excellent telephone service to consumers during 2021. The commendation was the 33rd consecutive year for Dunkirk & Fredonia Telephone Company and the 29th consecutive year for Cassadaga Telephone Corporation. Additionally, DFT Local Service Corporation was also recognized for the 7th consecutive year of providing the same high-quality level of telephone service provided to consumers during 2021. Each ...

Heritage Names Chief Human Resources Officer

Danielle Bozich has been named chief human resources officer at Heritage Ministries. She previously served as the vice president of human resources for the organization. At Heritage Ministries, Bozich will be responsible for oversight and management of the human resources structure of the ...

Subway Choosing A New Route

Subway has a new recipe for success: fewer stores and a bigger menu. In early July, the 57-year-old sandwich chain introduced the Subway Series, a menu of 12 chef-developed sandwiches that can be ordered by name or number, like The Monster, which features steak, bacon, cheddar, green peppers and red onions on Italian bread with ranch sauce. It’s a big change for Subway, which is known for letting customers build their own sandwiches. Trevor Haynes, Subway’s North America president, said the company saw the need to simplify after a growing amount of digital order data showed 50% ...