The Redmond-based software giant said in July that it would give up its space at Advanta Office Commons in East Bellevue. Now it says it also plans to give up hundreds of thousands of square feet at other Eastside properties. Read More...
Reuters
Permanent shifts in inflation could mean more volatile policy – Fed’s Barkin
Changes in global supply chains, demographic shifts, and fractured trade relationships may make inflation in the future more volatile, and force the Federal Reserve and other central banks to respond in kind, Richmond Federal Reserve President Thomas Barkin said on Monday. It is not yet clear, Barkin said at an Atlanta Fed technology conference, whether some of the changes in the global economy that began during the coronavirus pandemic, such as businesses shifting to more expensive but more resilient sources of supply, will prove permanent. But if they do, “we would be more likely to face periods with real forces imparting near-term inflationary pressures,” than was the case in recent decades, Barkin said.
