What’s Up? (Sept. 19-25)
Planning to Pull Back
The Federal Reserve indicated on Wednesday that it might soon ease measures it put in place to support the economy since the depths of the pandemic downturn. Jerome H. Powell, the Fed chair, said the central bank’s monthly purchases of $120 billion in government-backed bonds “still have a use, but it’s time for us to begin to taper them,” and indicated that it might slow the program as early as November. Meanwhile, half the Fed’s policymakers said they expected to raise interest rates next year.
New Protections for Workers
The New York City Council set new rules for how app-based delivery companies must treat their delivery workers in first-of-its-kind legislation. The package of laws requires the companies to disclose their gratuity policies, gives delivery workers more control over where they work and requires restaurant owners to make bathrooms available to delivery workers….