Illinois quick hits: Chicago Fed president explains vote; Treasurer encourages Bright Start gifts
Chicago Fed president explains vote
Federal Reserve Bank of Chicago President Austan Goolsbee has explained his decision to vote against the Fed’s decision to cut interest rates by a quarter percentage point on Wednesday.
While he voted to lower rates at the September and October Federal Open Market Committee meetings, Goolsbee said the panel should have waited to get more data, especially about inflation, before lowering rates further.
Goolsbee was a member of President Barack Obama’s cabinet and chaired the Council of Economic Advisers from 2009 through 2011.
Treasurer encourages Bright Start gifts
Illinois State Treasurer Michael Frerichs is encouraging holiday gifts of education.
Frerichs says investments to young people’s Bright Start 529 college savings account will mean more to a child’s future than any trending toy or virtual game.
The treasurer said, through September, people have gifted nearly $55 million to Bright Start accounts this year.
Norovirus cases second in nation
According to U.S. Centers for Disease Control and Prevention data, Illinois reported 1,669 norovirus outbreaks over the past decade, placing it second in the nation after Wisconsin.
Analysis from Trace One found that the Illinois outbreaks led to 44,694 reported illnesses.
Across the U.S., the most common exposure setting was long-term care facilities.
Slight Chance Showers And Thunderstorms
Latest News Stories
Lincoln-Way Board Reviews $162 Million Tentative Budget, Projects Deficit Due to Bus Purchase Timing
Illinois trucker warns foreign firms faking logs, dodging rules, risking safety
Illinois law mandates pharmacies to sell needles, sparking safety debate
Report warns U.S. national debt predicted to pass $53 trillion by 2035
Courts remain firm against unsealing grand jury records from Epstein trial
White House TikTok garners 1.3 million views in 24 hours
Newsom responds to Bondi’s letter on sanctuary policies
U.S., NATO military officials discuss Ukraine security guarantees
Illinois quick hits: Governor bans school fines; Target fires hundreds over fraud
Industry advocates: More state regulation will drive insurance rates higher
Lawmakers, policy groups react to social media warning suit
Meeting Summary and Briefs: Will County Board Executive Committee for August 14, 2025
Peotone Schools Face ‘Fiscal Cliff,’ Board Considers School Closures and New Construction
Public education budgets balloon while enrollment, proficiency, standards drop
