Federal Reserve

Another awful week of Americans seeking state and federal job benefits: 2.25 million file new claims

We’ve had plenty more news this week indicating just how bad things are economically now and how long they are likely to remain bad. Federal Reserve Chairman Jerome Powell, who has warned that gross domestic product could drop 30% this quarter, on Wednesday reinforced what other analysts have said about the crunch affecting American workers: ”It’s just going to be very …

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Fed’s Powell warns unemployment could reach Depression-level 25 percent

Federal Reserve Chair Jerome Powell on Sunday warned that the nation’s unemployment rate could soar to 25 percent during the worst of the coronavirus crisis, though he said the economy should recover more quickly than during the Great Depression, when joblessness last reached those levels. “Those numbers sound about right for what the peak may …

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Trump’s Federal Reserve pick says there’s no need for any equal pay laws

Since President Donald Trump announced last month that he would nominate conservative activist Stephen Moore for a seat of the Federal Reserve Board, Moore’s past record of tax liens, sexist columns, and contempt of court have been front and center. On Sunday, Moore stood by one of his most controversial views: his belief that there should …

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Here Are the 10 Worst Attacks on Workers From Trump’s First Year

January 20th marks the one-year anniversary of President Donald Trump’s inauguration. Since taking office, President Trump has overseen a string of policies that will harm working people and benefit corporations and the rich. Here we present a list of the 10 worst things Congress and Trump have done to undermine pay growth and erode working conditions …

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We Must Create Good Jobs: Sherrod Brown Shows the Way Forward

February, the first full month of the Trump presidency, witnessed solid jobs growth of 235,000 with the headline unemployment rate little changed, at 4.7 percent, according to the Bureau of Labor Services monthly report. Trump has already tweeted to claim credit for the results, but neither his plan nor his administration were in place. In …

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Why the Fed Isn’t Close to Achieving Full Employment and Shouldn’t Be Discussing Raising Interest Rates—the Case of Black Workers

The recently released minutes of the last meeting of the Federal Reserve Board’s Open Market Committee revealed there was serious discussion of the fact the labor market still showed signs of weakness. A primary issue was the lack of evidence of strong wage growth, which would be a clear signal the labor market was tightening. …

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Madeline Messa

Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.