Regional Fed presidents, whose vote holds equal weight to that of the chair, are already indicating that their wait-and-see stance is further warranted by the conflict. Cleveland’s president, Beth Hammack, said rates could be held for “quite some time,” with Iran presenting a new inflationary risk. Likewise, Minneapolis Fed president Neel Kashkari said this week he was growing less confident about his previous estimation of a 25 basis point cut this year, explaining: “With the geopolitical events, we need to get a lot more data in.”
In 2002, a team of researchers from NASA, the F.A.A., and six commercial airlines ran a series of experiments in Oklahoma City, in a decommissioned Boeing 747. They wanted to see how quickly a commercial jet could be secured in case of turbulence. They recruited a group of volunteer passengers, gave them all fake boarding passes and luggage, and had three of them carry around life-size baby dolls. Some of the volunteers were told to stay in their seats and act as if they were sleeping, reading, or working on a laptop. Others were told to stand in the aisles or sit in the lavatories. A crew of experienced flight attendants, drawn from the airlines participating in the study, made their way up and down the plane, serving fake food.
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“Nothing is shared with them (Meta). That was a big concern for me as well. Are they going to get access to my data, that is a bit scary, but you have full control”, says an employee at a Synsam store.
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