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

Larry Summers Quietly Changes Tune on Inflation, Admits It’s Transitory

“Larry Summers has spent the past two years weaponizing fears of persistent inflation against American workers and families and our clean energy transition, and deriding the many economists who held a different view. Now, exactly two years after calling for ‘Team Transitory’ to ‘stand down,’ it is not enough for him to simply switch sides without reckoning with the damage these arguments have caused."

November 16, 2023 Groundwork Collaborative
Mention

Investors are thrilled inflation is down. Consumers aren’t so happy. Here’s why.

“It is absolutely true that inflation has fallen rapidly,” said Kitty Richards, acting executive director at Groundwork Collaborative, a progressive economic policy think tank. “(Tuesday’s report) is a really good sign.”

November 15, 2023 MarketWatch
Mention

Law Experts, Tenants Want FHFA Action On Housing Crisis

The Federal Housing Finance Agency was urged at a Wednesday briefing to make immediate efforts to relieve pressure on renters via multifamily loan mandates.

November 15, 2023 Law360
Mention

Groundwork’s Kitty Richards Joins CNBC’s Squawk Box to Break Down October CPI Report

“If you look at the path of inflation, we have rapid disinflation after a peak that was before the Fed’s interest rate hikes really got going. We’ve had that rapid disinflation in the context of a booming economy. Quarterly GDP growth last quarter in real terms was 4.9%, we’ve seen 21 straight months of unemployment below 4% – something many economists didn’t think would be possible."

November 14, 2023 CNBC
Press Release

Groundwork’s Kitty Richards Joins CNBC’s Squawk Box to Break Down October CPI Report

Groundwork’s Acting Executive Director Kitty Richards joined CNBC’s Squawk Box this morning to break down today’s numbers, arguing that inflation is lower even than the headline number shows, the Fed’s interest rate hikes didn’t cause this decline, and that high-interest rates may actually be making life less affordable for workers and families.

November 14, 2023 Groundwork Collaborative
Press Release

ICYMI: Groundwork’s Bilal Baydoun Urges Shift from Rate Hikes to Public Investment in New Op-ed

“To address the true drivers of higher prices, we must bring the concept of inflation back down to earth. Manipulating interest rates can’t make life more affordable for struggling families — but public investment and sound regulations that rein in corporate price-gouging can."

November 9, 2023
Mention

How to Make America More Affordable

“To address the true drivers of higher prices, we must bring the concept of inflation back down to earth. Manipulating interest rates can’t make life more affordable for struggling families — but public investment and sound regulations that rein in corporate price-gouging can."

November 8, 2023 Other Words
Mention

Biden’s stumbles spark concerns about ad strategy and surrogate operation

"The White House disputed the criticism of its surrogate operation, with an official saying it’s deployed surrogates on more than 300 occasions to do over 1,000 economic interviews since July, though that figure includes both administration officials and outside supporters. The official also said top economic aides stay in regular touch with prominent economists, and that the administration frequently distributes talking points and has worked with outside groups like the progressive think tank Groundwork Collaborative."

November 7, 2023 Politico
Blog Post

How the Fed is Fueling the Housing Affordability Crisis

At the heart of the cost-of-living crisis affecting American households is the issue of housing affordability. Solving the housing affordability crisis requires public investment and regulation, which is the handiwork of state and federal policymakers.

November 6, 2023 Groundwork Collaborative
Mention

Borrowers weigh personal, professional options as student loan payments resume

Baydoun said that debt cancellation, once a fringe policy idea years ago, is “considered one of the most important interventions when it comes to our affordability crisis.”

November 2, 2023 Michigan Advance
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