Working Class Black, Latino Communities of Wichita to Challenge Kansas City Fed President Esther George’s Economic Perspective
President George, the Fed’s most vocal proponent of interest rate hikes, to meet with Fed Up Coalition, which advocates for low-income communities of color
03.29.2016
This Tuesday Kansas City Federal Reserve Bank President Esther George will visit Wichita to meet with the Fed Up Coalition, led by Sunflower Community Action and a coalition of labor and community allies. In an election year where jobs and wages take center stage, President George is one of the most powerful policy makers in the American economy, who arguably will have more influence over American jobs and wages than our next president. At the March meeting of the Federal Open Market Committee, Esther George dissented from the decision to not raise rates, arguing that a rate hike – and the resulting slowing wage growth – is necessary. The Fed Up Coalition campaigns for the Federal Reserve to adopt pro-worker policies, and argues that the economy has not fully recovered for low-income people, communities of colors, and workers across Kansas and across the country. In a rare public appearance open to the media, President George will engage with the low-income workers, elected officials, and economists Fed Up Coalition who disagree with George’s prescription for higher interest rates.
Who: Low-income community leaders from the Fed Up Coalition and Sunflower Community Action in Wichita Kansas, Josh Bivens of the Economic Policy Institute, Representative Gail Finney, 89th District, State of Kansas, and Kansas City Federal Reserve Bank President Esther George
What: A chance for low-income people in Wichita, Kansas to have a discussion about their experiences and a conversation about monetary policy with one of the most powerful economic policymakers in the world. This is a rare opportunity where members of the public can engage with the President with media present.
Where: Wichita Marriott, Salon A-C, 9100 Corporate Hills Drive, Wichita KS, 67207
When: Tuesday March 29, 10 – 11 am
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Fed Up is a coalition of community organizations and labor unions across the country, campaigning for the Federal Reserve to adopt pro-worker policies for the rest of us. The Fed can keep interest rates low, give the economy a fair chance to recover, and prioritize full employment and rising wages.
Press Contact: Anita Jain, ajain@populardemocracy.org, 347-636-9761 Asya Pikovsky, apikovsky@populardemocracy.org, 207-522-2442
