Truthout
Federal Reserve
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.
GOP States Gutting Unemployment Didn’t Bring Workers Back Faster, Study Shows
A "meaningful" number of Americans suffered as a result of unemployment cuts, said one of the authors of the study.
Climate-Friendly Fed Nominee Withdraws After Manchin Says He’ll Vote Against Her
The progressive favorite blamed “relentless attacks by special interests” that oppose her stances on the climate crisis.
GOP’s Tax Plan Would Raise Taxes by Over $1,000 Annually for Poorest Americans
A new report found that GOP Sen. Rick Scott's tax plan would disproportionately tax the poor.
GOP Suggests Biden’s Fed Pick Shouldn’t Be Confirmed Due to Climate Views
Republicans grilled Sarah Bloom Raskin over her climate views. Jamie Raskin responds in this interview.
The Federal Reserve Has Fueled Wall Street at the Expense of the Rest of Us
The Federal Reserve stokes inequality, says Christopher Leonard, author of the new book “The Lords of Easy Money.”
Fed Chair Jerome Powell Says Corporations “Are Raising Prices Because They Can”
The statement came after Sen. Elizabeth Warren prodded the Federal Reserve leader on the issue.
Elizabeth Warren Demands Information on Fed Official’s Questionable Stock Trades
It was recently revealed that Fed Vice Chair Richard Clarida sold investment fund shares just as the market crashed.
Businesses Have Manufactured Inflation Fear to Protect Profits Amid Rising Wages
Workers don’t set prices, bosses do. And they do so on the basis of maintaining the greatest possible profit margins.
Biden Picks Jerome Powell to Lead Federal Reserve Despite Progressive Warnings
Progressive advocates and lawmakers have warned that Powell is soft on Wall Street and climate issues.