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Interest Rates


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5 recommended articles and videos in the "Interest Rates" category.
1.  Throwing People Out of Work Is No Way to “Fix” the Economy  

2022-08-27

Truth Out
View In: Interest Rates
We can have a strong job market and lower inflation — and we don't need more painful interest rate hikes to do it.

2.  Central bankers back Fed’s war on the working class  

2022-08-29

World Socialist Web Site
View In: Interest Rates
It is significant that in his very short speech to the Jackson Hole conclave, Fed chair Jerome Powell made two references to former chair Paul Volcker whose high interest rate regime in the 1980s resulted in economic devastation for millions of workers.

3.  The Fed keeps raising interest rates. Working people are getting hammered by it  

2022-08-28

The Guardian
View In: Interest Rates
Robert Reich writes that the pricing power of corporations is pushing up inflation at the expense of those who are low incomeFriday at Jackson Hole, Wyoming, Federal Reserve chairperson Jerome Powell said the Fed must continue to raise interest rates, even though it will “bring some pain to household...

4.  'This Is Nuts': Critics React as Fed Chair Justifies Coming 'Pain' for Working Families  

2022-08-26

Common Dreams - Breaking News & Views for the Progressive Community
View In: Interest Rates
“Fed Chair Powell is ready to throw workers under the bus to save the 'economy,'” said one expert. “But we are the economy.“

5.  US Federal Reserve Says Its Goal Is ‘To Get Wages Down’  

2022-05-26

Popular Resistance
View In: Interest Rates
The chairman of the US Federal Reserve, Jerome Powell, said his goal is “to get wages down.” In a press conference on May 4, Powell announced that the Fed would be raising interest rates by half a percentage and implementing policies aimed at reducing inflation in the United States, which is at its highes...

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