Groundwork Responds to Sen. Manchin’s Letter to Fed

August 6, 2021

Yesterday, Sen. Joe Manchin urged the Federal Reserve to reassess America’s stance on monetary policy and additional fiscal stimulus to avoid ‘overheating our economy.’ But the evidence is clear that the costs of an unequal recovery are far greater than those of manageable inflation. 

As Dr. Rakeen Mabud, Groundwork’s Chief Economist and Managing Director of Policy and Research told The Hill: 

“We cannot let misguided [inflation] fears keep us from investing in the workers and families who make up our economy, because the cost of inaction right now, especially for the most marginalized communities, far outweighs the costs of manageable inflation.” 

Learn more below and email to speak to Dr. Mabud about inflation, jobs, and the economy. 


About Groundwork Collaborative

The Groundwork Collaborative’s mission is to advance an economic vision for strong, broadly shared prosperity and true opportunity for all. Learn more at and follow us on Twitter @groundwork.