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Federal Reserve
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.
The Fed’s Response to Rising Inflation Protects the Wealthy at Workers’ Expense
Leftist economists Gerald Epstein and Robert Pollin offer an alternative vision for how to combat rising inflation.
Report: Big Shipping Companies’ Profits Increased 30,000 Percent Amid Inflation
House Oversight lawmakers blame inflation partially on “excess corporate price hikes” during the pandemic.
Economy Added 261,000 Jobs in October as Wage Growth Settles at 3.9 Percent
Job growth was strong across sectors, but it was especially strong in health care and manufacturing.
Warren, Sanders Slam Federal Reserve’s “Disregard” for Working Families
Lawmakers are criticizing the Federal Reserve’s relentless rate hikes, which are projected to put millions out of work.
Fears of a Housing Crash Threaten Life Savings of Tens of Millions in the US
The Federal Reserve’s policies are also pushing home ownership further out of reach for first-time buyers.
Fed’s Latest Interest Rate Hike Will Harm Most Vulnerable, Critics Say
With each rate hike — and other central banks following suit — warnings of a global recession have mounted.
Fed Meeting Minutes Show the Bank May Unleash Mass Unemployment, Economists Say
Continued interest rate hikes “risk a recession throwing millions out of work,” a pair of experts warned.
Fed Rate Hikes Are “Body Blow” to Workers Reeling From Pandemic
Experts forecast another economic recession in the United States with rising inflation and an unchanged minimum wage.
Hiking Interest Rates Protects Financial Assets of the 1% at Workers’ Expense
The Fed doesn't need to hurt workers to curb inflation -- there are alternatives, says economist Gerald Epstein.