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Consumers seeing relief in some food prices as inflation continues to slow

“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."

August 11, 2023 Michigan Advance

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Is shelter inflation data the most timely measure of housing costs?

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.

August 10, 2023 Marketplace

Press Release

Dr. Rakeen Mabud Reacts to July CPI Report

“Inflation in July is dramatically lower than it was last summer, as pandemic-induced shocks and corporate profiteering continue to abate."

August 10, 2023

Press Release

Groundwork’s Rakeen Mabud Previews July Jobs Report

“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."

August 3, 2023

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Clock on the Fed’s ‘soft landing’ may already be ticking

"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."

July 31, 2023 Reuters

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Why the Drivers of Lower Inflation Matter

The first camp attributes most of the recent decline in inflation to the ebbing of these one-time supply disruptions, not rate increases, which are supposed to work through the labor market. “It’s calling into question a lot of the old assumptions,” said Lindsay Owens, executive director at the Groundwork Collaborative, a liberal think tank.

July 30, 2023 The Wall Street Journal

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Ignoring Warnings of Mass Job Loss, Fed Hikes Rates to Highest Level in Decades

"Chair Powell and the Fed continue to push the false choice peddled by inflation hawks that we have to choose between a strong labor market and lower prices," Groundwork Collaborative executive director Lindsay Owens said Tuesday in a statement. "The data show that we can have both."

July 28, 2023 Common Dreams

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The Fed’s Difficult Choice

“It’s crystal clear that low inflation and low unemployment are compatible,” Rakeen Mabud, an economist at the Groundwork Collaborative, a progressive think tank, told our colleague Talmon Joseph Smith. “It’s time for the Fed to stop raising rates.”

July 27, 2023 The New York Times

Press Release

Groundwork’s Lindsay Owens Calls on Fed to Halt Rate Hikes

“The dangerous reflex to hike rates, no matter the causes of inflation, is both a policy failure and a failure to imagine a world in which workers are anything other than expendable. The Fed should end its rate hiking campaign for good.”

July 25, 2023

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How ‘Bidenomics’ Came To Be, And How It Could Survive

“Biden deserves a lot of credit for never endorsing the idea that we need to destroy the labor market,” Owens said.

July 24, 2023 Huffpost