News | Economy & Labor Fed Reserve Rate Hikes May Set Stage for Financial Crises in Global South Monetary policy to control inflation in the U.S. has significant impacts on poor and indebted nations. By Cristina Bodea , TheConversation August 2, 2023 Truthout
News | Economy & Labor Why Is the Fed Seeking Advice From the Architect of Past Financial Meltdowns? Fed Chair Jerome Powell has been looking to disaster-prone ex-Treasury head Larry Summers for insight, emails reveal. By Sam Knight , Truthout June 1, 2023 Truthout
Interview | Economy & Labor Regulation Won’t End Bank Crises. We Must Put Shadow Banks Under Public Control. Regulations designed by banks to shield their interests will never be enough to halt banking crises, an economist warns. By C.J. Polychroniou , Truthout April 25, 2023 Truthout
News Analysis | Economy & Labor Amid New Banking Crisis, It’s Time to Change the Rules of the Game Banks have shown time and again that "self-regulation" doesn't work. We must seriously consider the alternatives. By Ellen Brown , ScheerPost April 2, 2023 Truthout
News | Economy & Labor Sanders Introduces Bill to Stop Bank CEOs From Serving as Fed Bank Regulators The CEO of Silicon Valley Bank was a member of the San Francisco Fed board up until the day his bank collapsed. By Sharon Zhang , Truthout March 23, 2023 Truthout
Interview | Economy & Labor Three Banks Have Now Collapsed. A Progressive Economist Explains Why. There is a banking crisis underway and the problems are spreading, says Gerald Epstein. By C.J. Polychroniou , Truthout March 22, 2023 Truthout
News | Economy & Labor Warren Says Trump-Picked Jerome Powell Has “Failed” as Chair of Federal Reserve “He has had two jobs. One is to deal with monetary policy. One is to deal with regulation. He has failed at both.” By Sharon Zhang , Truthout March 20, 2023 Truthout
News | Economy & Labor Warren: Jerome Powell Should Recuse Himself From Bank Probe for Role in Failure The Silicon Valley Bank failure was caused in part by deregulation pushed by Powell, Warren says. By Sharon Zhang , Truthout March 14, 2023 Truthout
News | Economy & Labor Following Bank Collapses, Sanders Calls for Repeal of Trump-Era Deregulation We can’t pursue more socialism for the rich and “rugged individualism” for everyone else, Sanders said. By Jon Queally , CommonDreams March 13, 2023 Truthout
News | Economy & Labor US Multimillionaires’ Wages Rose in 2021, While Bottom 90 Percent Got Pay Cut The bottom 90 percent got a wage cut in 2021, but the top 0.1 percent got a wage raise of 18.5 percent. By Sharon Zhang , Truthout December 21, 2022 Truthout