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| Building a National Campaign for a Strong Economy: Fed Up
Published By:Idaho Post-Register

Fed Up group claims Fed behind loss of reservation

A group critical of Federal Reserve policy is crying foul after their reservations for an upcoming meeting of central bankers at the Jackson Lake Lodge were revoked.

The hotel is claiming a booking error is responsible. The group of labor unions and community organizations isn’t buying it.

The annual Economic Policy Symposium hosted by the Federal Reserve Bank of Kansas City, held in Grand Teton National Park, is one of the most high-profile meetings of the country’s central bankers. This year, they are set to discuss frameworks for raising and lowering interest rates. Rates are currently low, and the debate in the Fed is how soon they should rise.

Fed Up is a coalition which argues that Federal Reserve interest rate policy is geared toward corporate and banking interests, leaving out the interests of workers and minorities.

“The impact of higher interest rates is to slow the economy down,” said Jordan Haedtler, Fed Up’s campaign manager. Raising rates pushes down inflation, which is good for lenders, but it does that by increasing unemployment and making it harder for workers to get raises, he said.

At the last two conferences in Jackson Hole, Fed Up has staged protests and an alternative conference focused on the impact that Federal Reserve policy has on wages and unemployment. The group plans a similar event at the meeting this year, despite the loss of their reservations, Haedtler said.

The lodge, which has 385 rooms, revoked 18 reservations in July. Those included all 13 rooms the Fed Up coalition had booked.

The Grand Teton Lodge Company is the National Park Service-authorized concessionaire which operates the Jackson Lake Lodge. Vice president and general manager Alex Klein said in a statement: “This summer we encountered an error with our booking system that resulted in our Jackson Lake Lodge property being oversold by 18 rooms for three peak nights in August.”

Klein said the company worked to move those who lost rooms to Flagg Ranch, 20 miles to the north.

Haedtler thinks his group was specifically targeted.

“We think that the computer glitch strains credulity,” he said “It’s pretty well known that the Kansas City Fed in particular doesn’t welcome our presence, but we think it’s important for the voices of working families and communities of color … to be included.”

Haedtler said his group made its reservations in May, and he was told by hotel officials that some guests who had made their reservations later in the year hadn’t lost their rooms. He said because the lodge is owned by the National Park Service, it has an obligation to protect free speech.

“The National Park Service, more than any other institution, is supposed to be a place of public accommodation,” he said. “We have secured a free speech permit, and we will be at the lodge during the Fed summit.”

The group filed an official complaint with the National Park Service, the Department of the Interior and the Civil Rights Division of the Department of Justice on Tuesday.

“What happened here is that, once again, the voices and faces of working class people of color have been marginalized; they have been treated disrespectfully; their opportunity to enjoy our country’s national parks has been subordinated to that of wealthy white guests,” the group wrote.

By Bryan Clark

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