What the Biden admin. plans to do to help bring inflation down more

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Although inflation has come down, Americans are still feeling its impact. White House Council of Economic Advisers Chair Jared Bernstein sits down with Yahoo Finance Fed Reporter Jennifer Schonberger in Jackson Hole, Wyoming to discuss what President Biden's administration is planning to do to help continue to bring inflation down. Bernstein says, 'I think the key action from our side, is continue doing some of the things that helped get inflation down' over the last year. 'We have to build on the progress we've made thus far,' Bernstein explains. 'There are some very direct ways' that the Inflation Reduction Act 'helps to reduce price pressures going forward, particularly in the area of healthcare, but also clean energy production,' Bernstein notes, using lower insulin prices for those with Medicare as an example.

An Unmatched Tradition: Four Sisters Took Annual Photo For 40 YearsFederal officials are warning airlines to keep workers away from jet engines that are still running

WASHINGTON — Federal safety regulators are citing recent incidents, at least one of them fatal, in warning airlines to make sure that workers keep their distance from jet engines until they are powered off. The Federal Aviation Administration said Friday it issued a safety alert to prevent workers from being injured while towing planes or guiding them to and from terminal gates.

NEW YORK — Wall Street is edging higher after the head of the Federal Reserve said it's still uncertain where interest rates are heading. The S&P 500 was 0.7% higher in afternoon trading after flipping between small gains and losses a few times. The Dow Jones Industrial Average was up 281 points, or 0.8%, at 34,380 as of 2:20 p.m. Eastern time, and the Nasdaq composite was 0.8% higher.

 

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