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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

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