Two construction workers
Construction workers.
  • A Montana builder finds it so hard to hire locally that it's flying in workers on a private jet instead.
  • It's more economical to rent the jet, it told the Federal Reserve's Beige Book survey.
  • The tight labor market is a target of the Fed as it tries to bring down inflation by hiking interest rates.

A Montana building company is finding it so hard to hire locally that it's flying in workers on a private jet instead.

That's what it told the latest Beige Book survey, which gathered information on economic activity from the Federal Reserve's regional branches up to late February.