Fed Up Campaign Questions Federal Reserve Rate Hike
Fed Up Campaign Co-Director Ady Barkan issues statement
06.14.17
NEW YORK – In reaction to the Federal Reserve's rate hike Wednesday, the Fed Up Campaign Co-Director Ady Barkan released the following statement:
"Inflation remains below two percent and consumer inflation expectations are at a four-year low. What possible rationale exists for the Fed to intentionally slow down the economy now? Why not test the bounds of genuine full employment and allow millions more people to rejoin the labor force and find good paying jobs?"
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Fed Up is a coalition of community organizations, labor unions, and policy experts across the country calling on the Federal Reserve to reform its governance and adopt policies that build a strong economy for the American public. By keeping interest rates low and prioritizing genuine full employment, the Fed gives the economy a fair chance to recover and allows wages to grow across all communities
Contact: Anita Jain, ajain@populardemocracy.org, 347-636-9761
