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Federal Reserve
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.
Federal Reserve Puts Burden of Curbing Inflation on Global Working Class
The Fed's plan to raise interest rates could increase unemployment and set the stage for lowering wages.
Progressive Economists Say Interest Rate Hikes Are Wrong Approach to Inflation
The Federal Reserve's recent moves risk causing a recession and imposing more pain on vulnerable workers, critics warn.