The Fed Needs to Hear Our Voices
The Federal Reserve has tremendous influence over our economy. Although our communities continue to suffer through a weak recovery and economic inequality keeps growing, corporate and financial interests are demanding that the Fed put the brakes on growth so wages do not rise. There is a real danger that in early 2015, the Fed will cut the legs out from the recovery before the economy reaches full acceleration, costing our communities millions of jobs and workers tens of billions in wages.
But for the first time in 20 years, community organizations, unions, and consumer advocates are mobilizing around the Federal Reserve for a national economic policy that prioritizes full employment and rising wages.
Organized by the Center for Popular Democracy, over 70 non-profits, community based organizations, and unions representing millions of people from every region of the United States have recently called upon the Federal Reserve to reject recent efforts to raise interest rates and to instead adopt all the policies necessary to rapidly reach a full employment economy. More