Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data is saying. “Looking ahead to our next meeting, I support another significant increase in the policy rate,” Waller said in remarks prepared for a speech in Vienna. “But, looking further out, I can’t tell you about the appropriate path of policy. The peak range and how fast we will move there will depend on data we will receive about the economy.” … Markets strongly expect the central bank to take up its benchmark borrowing rate by 0.75 percent point, which would be the third consecutive move of that magnitude and the fastest pace of monetary tightening since the Fed began using the benchmark funds rate as its chief policy tool in the early 1990s.
Source: CNBC

2022-09-12T07:01:20-05:00September 12, 2022|News|

Shawnee County trails increasingly used as a transportation network

Shawnee County maintains 60 miles of trails, with 31.64 miles being paved, said Mike McLaughlin, communications and public information supervisor for Shawnee County Parks and Recreation. While the county’s trails are used mostly for recreation, they’re increasingly becoming a transportation network in recent years, due largely to the creation of extensions that connect them with each other, said parks and recreation director Tim Laurent.
Source: CJonline

2022-09-11T09:10:13-05:00September 11, 2022|News|

More in county going hungry

Most banks store money, but the Food Bank of Reno County is stocked with canned goods and pantry items instead. Particularly amid current rising economic costs, however, food is money. Penny Taapken, the director of the food bank for the last 18 years, said the need is increasing for services. “We serve emergency food to those in need so that no one should go hungry,” she said.
Source: Hutch News

2022-09-09T06:58:42-05:00September 9, 2022|News|

Seeking new ways to boost workforce: Kansas office could expand state’s use of apprenticeships

As Kansas prepares for technology giant Panasonic to break ground on a multibillion dollar factory, Gov. Laura Kelly announced a new office designed to boost apprenticeships and help better bolster the state’s workforce. Under an executive order signed Tuesday, Kelly’s administration will create the Office of Registered Apprenticeships, a move designed to expand the tool, which allows workers to get paid while receiving job training in a specialized field. Currently, nearly 3,400 Kansans participate in one of 212 apprenticeship programs statewide.
Source: CJonline

2022-09-09T06:56:58-05:00September 9, 2022|News|

Fed Chair Powell vows to raise rates to fight inflation ‘until the job is done’

Federal Reserve Chairman Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an important role and were critical to why inflation was so persistent in the 1970s and ’80s. “History cautions strongly against prematurely loosening policy,” the central bank leader said in a Q&A presented by the Cato Institute, a libertarian think-tank based in Washington, D.C. “I can assure you that my colleagues and I are strongly committed to this project and we will keep at it until the job is done.
Source: CNBC

2022-09-09T07:02:35-05:00September 9, 2022|News|

New City Administrator comes to Spring Hill

The City of Spring Hill welcomes Lane Massey as the new City Administrator. Massey joins the City with a Masters of Public Administration and more than 20 years of city government experience. He worked for the City of Wichita and Arkansas City before becoming the City Manager in Larned for six years. He spent the last five years as the Assistant City Manager in Emporia. He says his experience working in small to mid-size cities will help him navigate Spring Hill through growth and the challenges that come with it. 
Source: City of Spring Hill news

2022-09-09T07:03:54-05:00September 9, 2022|News|

The bridges of Jefferson County 50 years after a failed bond election

When bridge inspections were first mandated by Congress over 50 years ago, 72% of the Jefferson County bridges were found to be incapable of carrying the legal weight limit. That is 129 of the county’s 180 bridges. Five of those bridges were closed immediately and low-weight limits were placed on the others. The disruption to the traffic flow on the county’s 900 miles of roads was tremendous. Marketing grain and livestock was a problem in an agricultural county as well as school buses and mail routes had to be rerouted and emergency vehicles, including fire trucks, could not cross many of the bridges. There were 7,000 fewer residents in the county at that time, but nevertheless a high percentage were daily commuters to jobs in neighboring towns and cities.
Source: JeffCountyNews

2022-09-09T00:26:31-05:00September 9, 2022|News|

Kansas wants to plug abandoned oil wells that belch methane and swallow groundwater

Last summer, a utility worker stumbled across a well — one of thousands of abandoned, unplugged oil and gas wells scattered across Kansas — just 15 feet from a stream in La Cygne, an hour south of Kansas City. Such sites bear witness to the state’s history of fossil fuel production — and they can leak pollutants into the air and water generations after they’ve been forgotten. Tens of millions of federal tax dollars will help the state seal thousands of openings over the next several years, though many will remain unaddressed. Old wells in Kansas can date back to the start of oil and gas drilling in the region in the mid-1800s.
Source: KCUR News

2022-09-09T07:04:50-05:00September 9, 2022|News|
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