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Quick Hit
by Ellyn Fortino
1:32pm
Tue Jul 21, 2015

Experts Urge Fed To Pursue 'Genuine Full Employment' Before Rate Hike

The Federal Reserve should pursue "genuine full employment" with "robust wage growth" before raising interest rates, experts from the Center for Popular Democracy and the Economic Policy Institute argue in a new report.

The report authors say the Fed, the central bank of the United States, can help reverse wage stagnation and narrow gender and racial wage gaps through its monetary policy.

Most Americans have faced wage stagnation over the last 35 years, despite there being a 64.9 percent growth in productivity during this time, according to the report. Wage growth also remained sluggish last month, with average hourly earnings increasing only 2 percent in June from one year ago.

A move by the Fed to slow the economy with an interest rate hike before "genuine full employment" is achieved will "hamper the ability of workers' wages to rise," the authors wrote.

Quick Hit
by Ellyn Fortino
3:03pm
Mon Feb 16, 2015

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.

Quick Hit
by Ashlee Rezin
9:48am
Mon Jul 8, 2013

Consumer Advocates Highlight Need For Savings Account Programs For Low-Income Americans

Automatically transferring a small amount of money into a basic savings account every month is the easiest and most effective way for low- to moderate-income individuals to save money, according to a recent report by the Consumer Federation of America (CFA).

“It’s so very important to build up savings, even if it’s just couple hundred, and park it for emergencies,” said Stephen Brobeck, executive director of the CFA, and author of the report, “Savings Accounts: Their Characteristics and Usefullness.”

Quick Hit
by Ellyn Fortino
11:34am
Fri Sep 28, 2012

"The MoveOn Effect": How Technology Is Changing Political Advocacy

Older advocacy organizations on both sides of the aisle face a serious dilemma – adapt with new technology or go extinct, says the author of the new book “The MoveOn Effect.”

Political advocacy groups concentrated on the left that have popped up over the last decade, such as MoveOn.org and Daily Kos, among others, have redefined membership and successfully mobilized mass amounts of people around the issues of the day faster than ever before, says author David Karpf, assistant professor of media and public affairs at George Washington University