The Progressive


A project of Common Dreams

For Immediate Release

Groundwork's Dr. Rakeen Mabud Previews February Jobs Report

Ahead of tomorrow's monthly jobs report from the Bureau of Labor Statistics, Groundwork's Chief Economist Dr. Rakeen Mabud released the following statement:

"Inflation is coming downin spite of the Federal Reserve's callous rate hiking campaign, not because of it. It's clear that we do not need to create mass joblessness to bring down prices.

"If the Fed doesn't pause rate increases, millions of people will lose their jobs. It's time for Chair Powell to stop gambling with people's lives."

The Groundwork Collaborative is dedicated to advancing a coherent and persuasive progressive economic worldview and narrative capable of delivering meaningful opportunity and prosperity for everyone. Our work is driven by a core guiding principle: We are the economy. Groundwork Collaborative envisions an economic system that produces strong, broadly shared prosperity and power for all people, not just a wealthy few.