Published By:The Fiscal Times
The Fed’s Big Mistake: Rate Hikes Hurt US Workers
Protesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing to do with Donald Trump.
The Center for Popular Democracy’s Fed Up campaign wants the Federal Reserve to break with expectations and hold interest rates steady rather than hiking them this week. They believe minority communities have yet to recover from the ravages of the financial crisis, and are still experiencing high unemployment and stagnant wages.