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“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.”
"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.
“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."
“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."
Lindsay Owens, executive director of Groundwork Collaborative, joined NPR to discuss the Biden Administration's summer push of its economic accomplishments.
“It’s a tale as old as time: What happens with more marginalized people in our economy is so often the canary in the coal mine for what we end up seeing when a crisis hits the broader population,” said Rakeen Mabud, chief economist and managing director of policy and research at Groundwork Collaborative, a progressive think tank.
Dr. Rakeen Mabud, the chief economist and managing director of policy and research at Groundwork Collaborative, said the economy is “remarkably strong” right now given the challenges of inflation and the pandemic. “I also think that it’s important to recognize that the pre-pandemic economy is not good enough,” she said.
“If you believe that big corporations are the ones who are pushing up prices,” Rakeen Mabud, the chief economist at the progressive nonprofit Groundwork Collaborative, told me, “then there are a lot more tools in our toolbox” to address the issue. “We can go way beyond the Fed,” she added.
Lindsay Owens, executive director of the Groundwork Collaborative, a left-leaning group, urged the Fed to stop raising altogether last year and raised alarms about the potential hit to the job market if the Fed didn’t back off.
Groundwork Collaborative chief economist Rakeen Mabud, another longtime opponent of the Fed's rate-hiking, said in a statement Wednesday: "Inflation is down and the job market remains strong. We never had to choose between lower prices and a strong labor market."