Fed Chair Jerome Powell has reiterated the importance of the central bank’s 2% inflation target. But what’s so special about that number? Plus, the hidden costs of school bus delays.
The Fed wants to bring inflation down to 2%. But why not 3%? Or 5%?
by Matt Levin
Win McNamee/Getty Images
There’s not much evidence to suggest that 2% leads to economic magic.
Rents are finally starting to fall. Here’s why.
by Lily Jamali
Joe Raedle/Getty Images
There was a huge surge in demand early in the pandemic. That has cooled down dramatically, and in some areas, demand is starting to be met.
Downtowns plan for a future with far fewer office workers
by Samantha Fields
Scott Eisen/Getty Images
In New York City, daily office vacancy rates average about 50%. So it and other cities are trying to attract more visitors by converting office space to housing, improving public transit, and making their streets a destination.
When school buses are delayed, the costs add up
by Stephanie Hughes
Stephanie Hughes/Marketplace
Nearly 8% of all transportation positions in American public schools were vacant as of this October. The lack of staff can lead to delays.
5 years later, economics faces another #MeToo moment
by Kai Ryssdal and Sarah Leeson
Alex Wong/Getty Images
Despite being part of a field that studies inequality, women in economics are taking to Twitter to share stories of continued mistreatment.
A sneakers store builds a bridge where Black Wall Street once stood
by Sean McHenry
Courtesy Gary Mason
Venita Cooper says Silhouette Sneakers & Art is “destination retail.” But the store is helped by tourists visiting the historic site.
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