54K views · 408 reactions | Federal officials announced Wednesday that there will be a 10% reduction in U.S. air traffic at 40 U.S. locations starting Friday, citing staffing shortages during the government shutdown. "We have decided that a 10% reduction in scheduled capacity would be appropriate to continue to take the pressure off of our controllers," said Bryan Bedford, the administrator of the Federal Aviation Administration. | CBS News | Facebook

Former Federal Reserve Governor Kevin Warsh said Thursday that the Fed needs a “regime change” in the conduct of policy, arguing that the central bank’s reluctance to cut rates signals a loss of credibility stemming from past inflation missteps. | CNBC

364K views · 5.5K reactions | President Donald Trump on Friday expressed confidence the Federal Reserve will start lowering interest rates, a day after he met with central bank Chair Jerome Powell. Read more: cnb.cx/453FHYT | CNBC | Facebook