Press Releases

Analysis: Big Rail Industry’s Greed Is Derailing Worker Negotiations

Economic Security and Corporate Power
November 22, 2022

As a major rail strike looms that may require Congressional action, a new analysis from watchdog Accountable.US spotlights the big rail industry’s record of greedy behavior as they resist worker calls for safer working conditions and fair pay. Accountable.US found nearly all of the seven Class I railroads have enjoyed high profits.

Press Releases

Watchdog: More Fed Officials See Recession as Inevitable…Yet Plow Ahead With Job-Killing Rate Hikes

Economic Security and Corporate Power
November 16, 2022

More Federal Reserve officials are predicting a severe economic downturn, with Kansas City Fed President Esther George the latest regional Fed president to claim that recession seems inevitable, even as the Fed plows ahead with more aggressive rate hikes that leading experts conclude will cost millions of jobs.

Press Releases

Watchdog: More Signs Inflation Cooling Gives Fed All The More Reason to Halt Interest Rate Hikes

Economic Security and Corporate Power
November 15, 2022

The Bureau of Labor Statistics’ newly released Producer Price Index report shows inflation is slowing down – echoing signs from the U.S. Labor Department last week.  Government watchdog Accountable.US called the report more reason the Fed should ease their overly aggressive policy of raising interest rates.

Press Releases

As Lawmakers’ Concerns Grow, Will Fed Leadership Commit to End Rate Hikes?

Economic Security and Corporate Power
November 15, 2022

Ahead of Federal Reserve Vice Chair for Supervision Michael Barr's testimony in front of the Senate Committee on Banking, Housing, And Urban Affairs and House Financial Services Committee this week, Accountable.US is calling on the Fed’s leadership to ease their overly aggressive interest rate hikes.

Press Releases

Watchdog: As Inflation Cools, Fed Should Take Foot Off Gas And Not Raise Interest Rates Again Next Month

Economic Security and Corporate Power
November 10, 2022

The Labor Department’s latest Consumer Price Index (CPI) report found that while overall inflation remains persistently high, it cooled slightly by 7.7% in October. In order to protect working families from an engineered economic downturn, the Fed should take a wait-and-see approach, rather than raise rates again.

Press Releases

Making Matters Worse: Fed Hikes Interest Rates Despite Expert Warnings of More Economic Pain for Working People

Economic Security and Corporate Power
November 2, 2022

Today, the Federal Open Markets Committee (FOMC), the Federal Reserve body which determines interest rates, announced a 75 basis points interest rate hike, the sixth increase in eight months, despite warnings from economic experts that doing so would cause a recession and cost as many as 3.2 million people their jobs by the end of 2023.

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