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Janet Yellen
PI Original
by Ellyn Fortino
10:15am
Wed Sep 2

Illinois African-American Jobless Rate Among The Nation's Highest

Illinois had the nation's fourth highest African-American jobless rate during the second quarter of 2015, shows a recent analysis of unemployment numbers. Progress Illinois takes a closer look at the data provided by the Economic Policy Institute.

Quick Hit
by Ellyn Fortino
3:03pm
Mon Feb 16

Report: Progressive Activism Must Target The Fed, Monetary Policy

A new report from the Economic Policy Institute, a liberal think tank, argues that the Federal Reserve should be receiving more scrutiny from progressive activists.

EPI research associate Thomas Palley wrote the report, which also serves as a primer on the how the Federal Reserve, or the Fed, works and offers a blueprint on how to make monetary policy more "job- and wage-friendly."

Over the three decades prior to the Great Recession, Palley says the Fed, the central bank of the United States, "consistently took care of Wall Street first while not caring much about Main Street."

"Since the Great Recession, there has been some shift toward helping ordinary Americans, but even more is needed, and we fervently hope that [Fed] Chair [Janet] Yellen sees this," said Palley, who also serves as AFL-CIO's senior economic policy adviser.