In the past nine months, Jerome Powell has raised interest rates at the fastest pace of any Federal Reserve chair since the 1980s, triggering a market rout, bringing the housing market to a standstill and prompting fears of an imminent recession. That was the easy part. When inflation was hitting 40-year highs, Fed officials were unanimous that rates needed to rise aggressively. Now cracks are beginning to emerge among them over how stubborn inflation has become and what they should do about it. Some expect inflation to cool steadily next year and want to stop raising rates soon. Others worry inflation won’t ease enough next year, a scenario that calls for raising rates higher or holding them at that level for longer, boosting the chance of a sharp downturn.
Source: Wall Street Journal

Finding employees to fill openings in Reno County is difficult, but in some professions this task is daunting. The medical field is in need of some specialty doctors and technicians, but nurses are their top priority. Hutchinson is not alone in this matter. It is a global issue. The World Health Organization calculated that about 27 million people work in nursing or midwifery worldwide, representing half of the world’s global health workforce. There is a global shortage of nurses who, the WHO said, represents more than 50% of the current shortage in health workers.
Source: Hutch News