Truthout
Jerome Powell
Companies’ Price Hikes Fuel Inflation. Why Isn’t the Fed Talking About It?
Progressive economists have estimated that corporate profits are to blame for 40 to 50 percent of price increases.
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.
CEO Pay Has Grown by 1,460 Percent Since 1978, as Workers’ Wages Stagnate
Worker pay has only grown by 18 percent over the same period.
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.
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.
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.
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.