Fed Up Statement on Steve Mnuchin Treasury Secretary Pick
11.30.2016
Shawn Sebastian, Field Director of the Fed Up campaign, released the following statement on behalf of the Center for Popular Democracy:
“When veterans of Goldman Sachs and other big banks are elevated to positions at the very institutions tasked with regulating the financial sector, the consequences for low-income households and communities of color are devastating. By selecting his personal banker and longtime Goldman Sachs insider Steve Mnunchin as his Treasury Secretary, Donald Trump has indicated his intention to continue this trend. Mnunchin is responsible for foreclosing on thousands of households, and has a clear track record of elevating his own interests over those of working families.”
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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 Contact:
Anita Jain, ajain@populardemocracy.org, 347-636-9761
