"While it's true that inflation is less problematic than it was some years ago, hard-working Americans are no doubt feeling it. I think that means a regime change in the conduct of policy."
Authorities should be preparing to avert a potential future collapse in demand for Treasuries resulting from long-running concerns over the federal debt load, which would have "vicious" effects.
Manufacturing output, which accounts for three-fourths of total industrial production, slipped 0.1% after a stronger advance in February than initially reported.
"Even though we've seen RTO efforts and some high-profile remote-work rollbacks, most workers say they haven't been brought back into the office full time."