In the News

Press Release

Groundwork’s Dr. Rakeen Mabud Ahead of Chair Powell’s Testimony: “Congress should be asking one question: Where are the rate cuts?”

“We’ve had nearly two years of falling inflation and zero inflation in May. Despite this progress, Chair Powell has kept interest rates at a 23-year high at the expense of families struggling with high borrowing costs. Congress should be asking one question: Where are the rate cuts?”

July 9, 2024 Groundwork Collaborative

Press Release

Groundwork’s Dr. Rakeen Mabud on Chair Powell’s Remarks: “The Fed has all the data it needs”

“Families feel the pain of high interest rates when they pay their credit card bill or enter the housing market. The Fed has all the data it needs when inflation has been falling from its peak for nearly two years. Chair Powell and his colleagues must rate cuts now."

July 2, 2024 Groundwork Collaborative

Press Release

TODAY: Poor People’s Campaign Hosts ‘Mass Poor People’s & Low-Wage Workers’ Assembly & Moral March on Washington D.C. and to the Polls’

Impacted poor and low-wage workers, advocates, and moral leaders will share testimony and uplift the campaign's 17-Point Agenda of policies and demands, which have the power to eliminate poverty and low wealth

June 29, 2024 Groundwork Collaborative

Press Release

Groundwork’s Bilal Baydoun on May PCE Data: “Chair Powell shouldn’t waste any more time”

“With zero price growth in May for both CPI and PCE, there is no reason to hold back on cutting interest rates. Chair Powell shouldn’t waste any more time. Families need relief from high housing and borrowing costs now.”

June 28, 2024 Groundwork Collaborative

Press Release

Groundwork’s Lindsay Owens Reacts to NEC Director’s Speech: “Director Brainard is exactly right: Corporations are keeping prices high as their costs come down”

“Director Brainard is exactly right: Corporations are keeping prices high as their costs come down. Corporate savings should translate to savings for consumers – not record-high profit margins.”

June 20, 2024 Groundwork Collaborative

Press Release

Groundwork’s Lindsay Owens Reacts to SCOTUS Decision in Moore v. United States: “There is nothing standing in Congress’s way”

“Today’s ruling is great news. Next year, there is truly nothing standing in Congress’s way to make the wealthy pay up.”

June 20, 2024 Groundwork Collaborative

Press Release

Groundwork’s Lindsay Owens Reacts to Warren Tax Speech: “Senator Warren just laid down a critical marker for the tax fight in 2025”

“Senator Warren just laid down a critical marker for the tax fight in 2025 – if Democrats do not want to get rolled by corporations once again, they must stiffen their spines and pursue a dramatically different approach. To build the America we want to see, we must finally force corporations and the wealthy to pay up.”

June 17, 2024 Groundwork Collaborative

Press Release

Groundwork’s Bilal Baydoun Concludes Special American Prospect Issue with “Taming the Pricing Beast”

Today, Groundwork Collaborative’s Director of Policy and Research Bilal Baydoun concluded The American Prospect’s sweeping special June issue, “How Pricing Really Works,” with his piece, “Taming the Pricing Beast.”

June 14, 2024 Groundwork Collaborative

Press Release

Groundwork on New White House Memo on 2025 Tax Fight: “It’s time to reverse the damage”

“The Trump tax law was never intended to help everyday people. It served as a windfall for the wealthy and corporations – the same corporations that have jacked up prices and scored record profits. It’s time to reverse the damage."

June 13, 2024 Groundwork Collaborative

Press Release

Groundwork’s Bilal Baydoun Reacts to FOMC Decision: “Only one rate cut this year would be a major misstep”

“Only one rate cut this year would be a major misstep. Families need relief from high borrowing costs now. Chair Powell is making it harder for families to get by. Inflation has fallen dramatically – we had zero inflation in May.”

June 12, 2024 Groundwork Collaborative