A former Bank of New York Mellon Corp. employee filed a federal lawsuit saying he was wrongfully denied severance benefits under the bank’s employee welfare benefit plan.

Federal Reserve Chair Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest-rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation.

Opposition to employers’ use of “stay-or-pay” contracts has gotten traction in state legislatures this year, led by California and New York, as federal regulators retreat from efforts to rein in the agreements nationwide.

Wall Street was shaken Wednesday as evidence of division at the Federal Reserve over the future of monetary policy whipsawed stocks and pushed bond yields higher.

Federal Reserve Chair Jerome Powell cautioned investors against assuming the US central bank would follow its second straight interest-rate cut with another in December.

The Centers for Medicare & Medicaid Services deleted information on average premium spikes on HealthCare.gov from its annual open enrollment fact sheet, in a potential sign of how sensitive the issue is for the Trump administration ahead of next year’s midterm elections.