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.
Kitty Richards, the acting executive director of the progressive economic think tank Groundwork Collaborative and a former U.S. Treasury Department official during the Biden administration, said the president is likely to play a less hands-on role publicly on government funding. “The president has really already played his role and that was during the debt ceiling negotiation. I think that the message that we're seeing from the White House is that there has already been a deal struck and now Congress needs to pass appropriations bills that are consistent with that deal.”
RAKEEN MABUD: There's a lot more work to do. And it's OK to say that because, unless we acknowledge that people are in pain and they are continuing to struggle, I - you know, I don't think that that message will get heard.
Lindsay Owens, executive director of the left-leaning Groundwork Collaborative, was even more direct: “It’s time for Democrats to turn the page on Summers for good.”
“After 40 years of failed trickle-down economics, the Inflation Reduction Act is a case study for what is possible when we invest in the workers and families who power our economy."
Mabud says the big takeaway is that it’s possible to use a different government-forward approach to inflation management. “It really marks a turning point in the way that people are thinking about inflation,” she says.
“We now have two straight months of low, honestly, quite normal levels of inflation,” Kitty Richards, acting executive director of the progressive think tank Groundwork Collaborative, told States Newsroom. “That’s a huge drop from last summer’s peak. And that is something that we should be celebrating, especially given that it has happened in the context of growing real wages and a job market that is still really delivering for American workers."
Zillow is one place to look for asking rents, said Kitty Richards with the Groundwork Collaborative. “Housing costs inflation has actually been cooling since last summer, and is already down to pre-pandemic levels,” Richards said.
“Inflation in July is dramatically lower than it was last summer, as pandemic-induced shocks and corporate profiteering continue to abate."
“Robust public investments have powered our economy coming out of the pandemic and delivered one of the best labor markets in decades. Policymakers must continue to build on the strength of the job market by doubling down on critical investments to empower workers and create an economy where everyone can thrive."
"Exploring just how compatible low unemployment and low inflation are should be the North Star ... This is a vast border we could test," said Lindsay Owens, executive director of Groundwork Collaborative, a labor-focused economic policy group. "The timeline for discussing cuts is probably like October."