03.04.2016

Derek Laney, Co-Director of Missourians Organizing for Reform and Empowerment, released the following statement on behalf of the Fed Up coalition:

“Although the US economy added jobs last month, economic activity slowed in cities like my hometown of St. Louis. Too many workers here and elsewhere are still waiting to benefit from a sluggish economic recovery.


In December, the Fed ignored the voices of our coalition and the advice of many economists by voting to slow down the economy. We are seeing the consequences. Today’s jobs report showed that wages, which were already too low, fell further last month.

Low- and middle-income families, particularly in Black and Latino communities, know that our economy is still far too weak. There aren’t enough good jobs to go around, and millions of people are still struggling to get the hours and wages that they need.

 

The Fed needs to pay attention to the data and pay attention to the voices of the American public. It must do all it can to let our wages grow."

www.whatrecovery.com

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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.

The Center for Popular Democracy promotes equity, opportunity, and a dynamic democracy in partnership with innovative base-building organizations, organizing networks and alliances, and progressive unions across the country. CPD builds the strength and capacity of democratic organizations to envision and advance a pro-worker, pro-immigrant, racial justice agenda.

Media Contacts:  

Anita Jain, ajain@populardemocracy.org, 347-636-9761


Sofie Tholl, stholl@populardemocracy.org, 646-509-5558