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.

Mention

Inflation report points to Fed pause at June meeting, economists say: ‘The Fed is getting what it wants’

Rakeen Mabud, chief economist, Groundwork Collaborative: “The fact of the matter is the Fed, through its ten consecutive interest rate hikes, has simply been hammering away at the labor market and really trying to weaken a labor market that has been remarkably strong coming out of the pandemic. I think we need to really take a different approach. The Fed should not only pause tomorrow but really pause going forward."

June 13, 2023 Yahoo! Finance
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Top US Companies Admit to Hiking Prices to Pad Their Profits: Analysis

"The Fed should not only pause tomorrow but pause going forward and see how these 10 rate hikes play out," Rakeen Mabud, chief economist at the Groundwork Collaborative, said in an appearance on Yahoo Finance Tuesday morning.

June 13, 2023 Common Dreams
Press Release

ICYMI: Groundwork’s Chief Economist Joins Yahoo Finance to Break Down May CPI Report

Today’s May Consumer Price Index (CPI) Report showed consumer prices rose at the slowest pace since April 2021. Groundwork’s Chief Economist Dr. Rakeen Mabud joined Yahoo Finance live this morning to break down today’s numbers and discuss how they should inform the Federal Reserve’s interest rate decision this week.

June 13, 2023
Mention

When Socialists Put an End to Pasta Inflation

Enough firms do this, and it can result in market power- and profit-driven inflation, or what economists Isabella Weber and Evan Wasner call “sellers’ inflation.” Moreover, once prices settle at the new, higher level, firms can tacitly collude to keep them there — for example, through public communications on earnings calls, as Groundwork Collaborative’s Lindsay Owens points out.

June 11, 2023 Jacobin
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America and The Bipartisan Parody – Debt Ceiling Showdown

Many lauded the debt default aversion as a commendable effort in bipartisanship. The full context, may not be as rosy as it seems. Lindsay Owens says, “I don’t think there’s any virtue in this bipartisan deal coming together. There’s nothing for either party to be boasting about. There’s no sort of glory in the fact that it is bipartisan. Owens says, “We should not be in a position where the American government is getting within a week of defaulting on its obligations.”

June 11, 2023 Siliconeer
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Debt Ceiling Deal Averts Default, With Poor and Elderly Paying the Price

Could the debt limit be suspended for a longer period of time or eliminated altogether? “The answer is absolutely one hundred percent,” says Lindsay Owens, Executive Director of the Groundwork Collaborative, a left-leaning think tank in Washington. “There is no sort of glory in the fact that it is bipartisan. You know, we should not be in a position where the American government is getting within a week of defaulting on its obligations.”

June 9, 2023 Ethnic Media Services
Press Release

Nearly 1,000 Progressive Experts, Organizers, and Policymakers to Gather for EconCon 2023

The two-day conference will feature brand-new polling on youth voters and keynotes from leading economic voices, including OMB Director Shalanda Young, Rep. Delia Ramirez, MN Lt. Gov. Peggy Flanagan, and Georgetown Prof. Dorothy Brown

June 7, 2023
Blog Post

Groundwork Launches Reimagined Website

The team at Groundwork Collaborative is thrilled to share our new look and website.

June 6, 2023
Mention

Agreement that raises the US debt ceiling puts those who depend on social programs in a difficult situation

“The debt ceiling is not about future spending but paying down debts for spending that has already been incurred. This lifting of the debt ceiling has absolutely nothing to do with the progress of fiscal matters.” Owens said that in the debt limit agreement, the Biden administration agreed to Republican demands to cut about $21.4 billion in funding for the Internal Revenue Service.

June 5, 2023 La Opinión
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Five takeaways on a surprisingly strong May jobs report

“The increase in Black unemployment from 4.7 percent to 5.6 percent is the canary in the coal mine for the rest of the economy. The historic gains we’ve seen for Black workers were always fragile, and we’re seeing what happens when the Fed raises rates 10 times in a row,” economist Rakeen Mabud of the progressive think tank Groundwork Collaborative wrote online.

June 5, 2023 The Hill
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