Press Releases

Will Fed Derail Strong Job Growth By Resuming Interest Rate Hikes?

Economic Security and Corporate Power
July 7, 2023

Today, government watchdog Accountable.US urged the Fed not to use the latest encouraging economic news from the U.S. Labor Department, that 209,000 jobs were added to the U.S. economy in June, as an excuse to resume raising interest rates this month – especially as the manufacturing sector is showing serious signs of distress under the previous 10

Press Releases

Just a ‘Skip?’ Fed Can’t Justify More Job-Crushing Interest Rate Hikes Anytime Soon

Economic Security and Corporate Power
June 21, 2023

Today, Federal Reserve Chairman Jerome Powell will deliver his semi-annual report to Congress a week after the Federal Reserve announced a long-overdue pause in interest rate hikes. While the policy reprieve followed an unprecedented 10 consecutive interest rate increases that left behind significant economic damage, Chairman Powell tellingly descr

Press Releases

Fed’s Overdue Interest Rate Pause Leaves Behind Economic Damage

Economic Security and Corporate Power
June 14, 2023

Today, the Federal Reserve announced an interest rate pause after an unprecedented 10 increases in a row since March 2022. Government watchdog Accountable.US called the stoppage long overdue as the Fed ignored red flags for months that the policy has been putting enormous stress on the economy and threatening millions of American jobs – clear signs

Press Releases

Watchdog: Fed Should Embrace Not Hold Back Continued Job Growth

Economic Security and Corporate Power
June 2, 2023

As the U.S. Labor Department reports nearly 340,000 jobs were created in May while the unemployment rate ticked up to 3.7%, government watchdog Accountable.US cautioned the Fed not to use the report as an excuse to continue threatening millions of jobs by hiking interest rates, especially as the report shows the economy is slowing. Last month, Fed

Press Releases

Watchdog: Job Gains No Excuse for Fed to Keep Recklessly Hiking Interest Rates

Economic Security and Corporate Power
May 5, 2023

Following the U.S. Labor Department’s report finding job gains in April beat expectation with over a quarter million jobs added, government watchdog Accountable.US cautioned the Fed not to use the report as an excuse to continue threatening millions of jobs by hiking interest rates, especially as the report shows the economy is slowing. This week,

Press Releases

Watchdog: Fed Again Ignores Mounting Economic Damage of Interest Rate Hikes

Economic Security and Corporate Power
May 3, 2023

Today, the Federal Reserve announced an interest rate hike of 0.25 percentage points – the tenth increase in a row – over the dire warnings from a chorus of economists, and lawmakers that higher interest rates will cost millions of Americans their jobs and usher in a deep recession, while doing little to address inflation drivers like corporate

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