In the News
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
On any given day, Groundwork's analyses, op-eds, reports, and commentary are featured in leading publications and on the most influential news programs and podcasts.
Alex Jacquez: “We are seeing inflation that is not reaching that 2% target that the Fed would like us to see. We lost 92,000 jobs last month. And now we have an oil and energy spike that is going to hit people at the gas pump, it’s going to hit airfare, it’s going to hit food and agriculture costs all across the economy.”
The fallout from Trump’s reckless policies goes beyond high prices as overall economic growth stalls.
“Think whatever you want about the Jones Act — and I know some of you do — the impact on retail gas prices will be less than 2 cents a gallon,” Alex Jacquez, chief of policy and advocacy at the Groundwork Collaborative, a research group, said in a post on X. “Negligible.”
President Trump’s tariffs have already cost the average American family $1,200, and new polling from Groundwork Collaborative and Data for Progress shows voters want the Trump administration to refund that money back directly to consumers.
Emily DiVito, senior adviser for economic policy at Groundwork Collaborative, said, “The steady rise in the use of buy now, pay later loans to cover the basics, like groceries and rent, is a warning sign that working families are under real financial strain. Prices for essentials are climbing as a result of the president’s reckless economic policies, wages aren’t keeping pace, and hardworking Americans are being pushed into cycles of debt just to make ends meet.”
The relatively benign headline numbers may be the last one for a while, some experts say. “This week's CPI print is likely to be the last one showing somewhat stable prices," said Liz Pancotti, Managing Director of Policy & Advocacy at Groundwork Collaborative and a former Boston Fed researcher.
Over the past year, the price of groceries, electricity, housing, and health care have continued to rise, and President Trump continues to push forward a misguided agenda that makes it harder for working families to make ends meet at every turn.
President Trump’s war with Iran is already rattling global energy markets, and the majority of Americans are bracing for the economic fallout.
Aluminum is used in a wide variety of items, including airplanes, power lines and cans. The price spike could eventually show up in everyday purchases, said Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, a research group.
This week, Paul and Goldy talk with Groundwork Collaborative Executive Director Lindsay Owens about how companies are using AI and massive data sets to run experiments on consumers—testing exactly how much each of us is willing to pay. And if every shopper sees a different price, one big question follows: Do markets still work the way economists say they do?