September Employment Law Bulletin

September 21, 2017   Written by:   Filed under: Breaking News

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 The Federal Reserve, Race, and Opioid Use

No, this isn’t a clue for a Jeopardy! question. Created in 1913 with the passage of the Federal Reserve Act, the Fed’s monetary policies are focused on three areas: price stabilization, moderation of interest rates, and maximization of employment. The Fed has started to focus on employment issues and their effect on the economy. Recently, the Fed through its Chair, Janet Yellen, expressed concerns about an increasing gap in wages based upon race and a substantial decline of male participation in the workforce due to opioid use.

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