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.

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
Press Release

Groundwork’s Bilal Baydoun Reacts to May CPI Report: “The Fed cannot bring down housing prices by keeping interest rates higher for longer”

“The Fed cannot bring down housing prices by keeping interest rates higher for longer, but it can make rent and homeownership even more unaffordable for families. Waiting around will only delay the relief families need to get ahead. The time to cut rates is now.”

June 12, 2024 Groundwork Collaborative
Press Release

Groundwork’s Bilal Baydoun on FOMC: “We have to be honest about the profound limits of the Fed’s interest rate tool”

“Chair Powell has not made it clear how holding rates higher for longer will bring down housing prices. We have to be honest about the profound limits of the Fed’s interest rate tool and its potential harms, like making housing even less affordable. The time to cut rates is now. We can lower high housing costs for families and quash the threat of an economic slowdown.”

June 11, 2024 Groundwork Collaborative
Press Release

Groundwork’s Bilal Baydoun Reacts to May Jobs Report: “Forty straight months of job growth doesn’t happen by accident”

“As today’s jobs report shows, our economy is stronger when workers can get ahead. Forty straight months of job growth doesn’t happen by accident. We can thank strong, sound public investments in the workers who drive our economy for this progress.”

June 7, 2024 Groundwork Collaborative
Press Release

Groundwork’s Lindsay Owens and The American Prospect’s David Dayen Open New Special Prospect Issue on Pricing

New American Prospect issue, “How Pricing Really Works,” dives into the corporate pricing strategies that are pushing up costs for consumers with algorithms, personalized pricing, and more.

June 3, 2024 Groundwork Collaborative
Press Release

Groundwork Joins Calls to Investigate Big Oil, Urges More Action: “Congress should tax back the industry’s windfalls and give families a refund”

“The Department of Justice should investigate and prosecute price fixing and collusion across the fossil fuel industry, and Congress should tax back the industry’s windfalls and give families a refund.”

May 30, 2024 Groundwork Collaborative
Press Release

Groundwork’s Bilal Baydoun on Corporate Profits: “We must ensure corporations pay back what they gained through profiteering”

Today, the Bureau of Economic Analysis (BEA) released new data showing that corporate profits ticked down slightly, but remain historically high. “Corporate profits remain historically high, and it's undeniable that corporations have scored sky-high profits by hiking their prices and squeezing already vulnerable families. When the Trump tax law expires next year, we must ensure corporations pay back what they gained through profiteering by putting corporate tax increases firmly on the table." Groundwork’s Director of Policy and Research Bilal Baydoun reacts.

May 30, 2024 Groundwork Collaborative
Press Release

Groundwork’s Dr. Rakeen Mabud Reacts to Retailers Cutting Prices: “It’s about time”

“Corporations could have been cutting prices and passing their cost savings onto consumers months ago. Instead, they chose to keep their winnings at the expense of families whose budgets have been squeezed by their profiteering. It’s about time corporations lower prices, and there is more room for them to fall.”

May 29, 2024 Groundwork Collaborative
Mention

Grocers are finally lowering prices as consumers pull back

“It’s really clear when you start looking at industry and corporate firm-level data … that companies are really expanding their margins during a period when their own costs are rising,” Owens said. “What you see is that’s effectively made possible by companies who are passing along their rising costs in full but then going for more.”

May 23, 2024 The Washington Post
Press Release

Today @ 2:30 PM: Groundwork’s Lindsay Owens Testifying at Senate Banking Subcommittee Hearing on Food Prices and Profiteering

Today at 2:30 pm, Groundwork Collaborative’s Executive Director Lindsay Owens will testify before the Senate Banking Subcommittee on Economic Policy at a hearing titled, “Protecting Consumers’ Pocketbooks: Lowering Food Prices and Combatting Corporate Price Gouging and Consolidation.”

May 22, 2024 Groundwork Collaborative
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