All Articles on Federal Reserve

Rep. Danny Davis, D-Ill., at a news conference on Capitol Hill on Friday, July 24, 2020, on the extension of federal unemployment benefits. (Photo: AP Photo/Andrew Harnik) Views
Here’s How We Remake the Economy
The Fed's crisis response exposes the faulty logic of moralizing, pro-austerity politicians and economists.
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With Dirty Energy Sector Crashing, Nearly 70 Groups Urge Fed to Stop Buying Up Wasteful Fossil Fuel Industry Debt
"The Fed needs to reduce systemic risk during this health and economic crisis and stop boosting the industry driving climate devastation."
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President Donald Trump waves after introducing his then-nominee for the chairman of the Federal Reserve Jerome Powell during a press event in the Rose Garden at the White House, November 2, 2017 in Washington, D.C. (Photo: Drew Angerer/Getty Images) Views
Fed Guarantees Unproductive Debt and Perilous Speculation
Now it is time for various House Committees to publicly question Chairman Powell about the costs of the Fed's callous indifference to the real economy and struggling Americans.
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'The Public Has a Right to Know': Fed Refuses to Release Documents on Fossil Fuel Industry's Covid-19 Bailouts
"As the climate crisis demands an abrupt shift away from fossil fuels, the federal government should not be creating programs to bail out these polluters."
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BlackRock has been called "the most powerful institution in the financial system." (Photo: Brooke Anderson/@movementphotographer) Views
Meet BlackRock, the New Great Vampire Squid
No private, unelected entity should have the power over the economy that BlackRock has, without a legally enforceable fiduciary duty to wield it in the public interest.
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Pumpjacks on Lost Hills Oil Field in California on Route 46. News
Former Federal Reserve Governor Rebukes Central Bank for Using Covid-19 Lending Power to Bail Out 'Dying' Fossil Fuel Industry
"If polluters want to deny the existence of the ongoing bailout, Congress should swiftly repeal these blatant corporate tax giveaways and make fossil fuels ineligible for stimulus lending programs."
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The pandemic has shown that we need a public option for basic banking services. (Photo: Shutterstock) Views
We Need a Public Option for Banking
As families struggle to get stimulus checks, it's time to fix the rusty pipes of our inequitable financial system.
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McConnell’s moralistic reference to the profligacy of state governments is an initial shot over their bow in the political struggle over state debt. (Photo: Zach Gibson/Getty Images) Views
Is Mitch McConnell Blocking State Aid to Enrich Vulture Funds and Bolster Corporate Control of the Economy?
Without further assistance from the Federal government, all states will be obliged to make draconian cuts in their budgets.
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The American people are therefore entitled to share in the benefits and the profits. Banking needs to be made a public utility. (Photo: Twitter/@publicbankla) Views
Another Bank Bailout Under Cover of a Virus
Insolvent Wall Street banks have been quietly bailed out again. Banks made risk-free by the government should be public utilities.
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The Federal Reserve Board Building  located at 20th Street & Constitution Avenue, NW in Washington, D.C. Views
The Pandemic Has Shown That We Need a Public Option for Banking Services
A public option for basic banking services, and an improved, publicly accountable payments system, are necessary parts of a recovery infrastructure that works for everyone.
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