Mar 13, 2017

Janet Yellen plays game of chicken on inflation

Alex Brandon / AP

The Federal Reserve's interest-rate setting committee meets this week, and markets are convinced that the Fed will raise rates by 0.25% when the meeting adjourns on Wednesday.

Inflation's revenge: Wall Street Cassandras have been warning about impending inflation for years, but these critics can now point to data showing great demand for labor, like a recent survey from the National Federation of Independent Businesses, which shows that a higher share of jobs are going unfilled today than at any point since 2001.

Why it matters: The last thing the Fed wants to do is put the brakes on an economy that is finally starting to bestow broad wage gains to workers. At the same time, the Fed's model of the economy says that inflation rises as demand for labor increases. And if inflation gets out of control, the Fed would likely be forced to raise rates aggressively enough to risk triggering a recession.

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The campus of Brown University. Photo: Lane Turner/The Boston Globe via Getty Images

Masks in class, sports on hold, dorm life without roommates and summer 2021 classes for some: Brown University President Christina Paxson tells "Axios on HBO" it's all in play as colleges consider whether and how to safely reopen campuses in the fall.

Why it matters: An extended shutdown of U.S. colleges and universities would leave nearly 20 million students and 3 million employees with an uncertain future, but premature reopenings without proper coronavirus safeguards could jeopardize lives and force more closings.

How Disney World could host the NBA

Illustration: Sarah Grillo/Axios

After weeks of speculation, the NBA announced Saturday that it is in early discussions to resume its season in late July at Disney's ESPN Wide World of Sports Complex in Orlando.

What they're saying: The NBA's most well-sourced reporter, Adrian Wojnarowski, says "everything is pointing toward" this happening, and that teams could start recalling players as soon as next week for a two-week quarantine period and formal training camp before heading to Florida.