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Inflation Continued to Cool In June, Showing Fed’s Interest Rate Hikes Are Working

"The Fed needs to halt rate hikes immediately," said Rakeen Mabud, chief economist and managing director of policy and research at the think-tank the Groundwork Collaborative. "Their rate hiking campaign has yet to work its way through the system, so we will continue to feel the effects in the coming months. Additional hikes risk pushing the economy into a downturn."

July 12, 2023 The Messenger

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Dr. Rakeen Mabud Reacts to June CPI Report

“The Federal Reserve operates on a false premise that we have to sacrifice workers in the name of bringing down inflation. That has proven not to be the case. Inflation is coming down while our economy remains strong."

July 12, 2023

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Banker admits corporate greed drives inflation, but says recession needed ‘to force unemployment’

Progressive economist Rakeen Mabud with the Groundwork Collaborative, no friend of Wall Street, was much blunter: “Today’s record corporate profits mirror what we have been hearing on earnings call after earnings call: Corporations are gleefully reporting that their strategy to burden families with unnecessary price hikes is working.”

July 10, 2023 People's World

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Economy adds more jobs in June even as hiring slows

“I think what’s really important about the public sector especially is that it’s a uniquely good engine for upward mobility, especially for workers who are discriminated against or have a hard time finding jobs in the private sector,” said Dr. Chris Becker, senior economist and associate director of policy and research at Groundwork Collaborative. “ … the public service sector provides really important services. We value these jobs because they’re really useful to society as well.”

July 7, 2023 Michigan Advance

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U.S. Black employment falls despite wider job market stability

"We've seen a really healthy recovery precisely because of public investment and more money in people's pockets. But that has that has been pushing against the tide of these rate hikes And so we're starting to see the effects of that, and as ever, it's always the folks who are left behind historically that are going to feel the effects of these policy choices first," said Rakeen Mabud, chief economist and managing director of policy and research at the think-tank the Groundwork Collaborative.

July 7, 2023 Reuters

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Dr. Rakeen Mabud Previews June Jobs Report

“We never had to choose between lower unemployment and lower inflation. It’s time for Chair Powell to put the brakes on rate hikes for good.”

July 6, 2023

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It’s not just the US: Corporate profits are keeping inflation high in Europe too

"It's really not corporations who end up paying the cost in the end because when their costs go up, they can just push that back onto consumers with higher prices and protect their profit margins," Chris Becker, a senior economist and the associate director of policy and research at the Groundwork Collaborative, previously told Insider.

July 6, 2023 Business Insider

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Groundwork Collaborative Condemns SCOTUS’ Student Debt Relief Decision

“Thanks to the Supreme Court’s ruling, millions of workers and families are now staring down student loan payments this fall with no relief in sight."

June 30, 2023

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Groundwork’s Lindsay Owens on Bidenomics Speech: President Biden is Exactly Right

“President Biden is exactly right. Trickle-down economics was a failed experiment and the only way to truly strengthen our economy is to prioritize the workers and families that drive it."

June 29, 2023

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Turmoil in Russia, Biden’s Summer Roadshow, Cop City Protests

Lindsay Owens, executive director of Groundwork Collaborative, joined NPR to discuss the Biden Administration's summer push of its economic accomplishments.

June 26, 2023 NPR