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Federal Reserve


As Americans Demand Tax Reforms, Analysis Finds Top 1% Hold More Wealth Than Whole Middle Class

By comparison, in 1990 the top 1% held just 17% of the nation's wealth—less than half of the middle class' 36%.

Brett Wilkins ·


Opposing His Renomination, Warren Calls Fed Chair Powell 'A Dangerous Man'

"Your record gives me grave concern," Sen. Elizabeth Warren told Jerome Powell. "Over and over, you have acted to make our banking system less safe."

Jake Johnson ·


House Dems Unveil Bill to Stop Wall Street From Destroying the Planet

"The Federal Reserve's role is not to surrender our planet to corporate polluters and shepherd our financial system to its destruction," said Rep. Rashida Tlaib, among the Democrats urging the Fed to end fossil fuel financing.

Kenny Stancil ·


Nobel Economist to Biden: Ditch Fed Chair Powell If You Want to 'Build Back Better'

Economist Joseph Stiglitz said Fed Chair Jerome Powell's refusal to take climate risk seriously should disqualify him for another term.

Kenny Stancil ·


AOC, Tlaib Lead Call for Biden to Replace Trump Fed Chair With Climate Champion

"We need a leader at the helm that will take bold and decisive action to eliminate climate risk."

Jake Johnson ·


Central Banks Accused of 'Dawdling' on Climate as World Burns

"Instead of using their power to cut off finance for fossil fuels, they are making themselves busy tinkering around the edges of the climate crisis."

Jessica Corbett ·


Warning of Climate Chaos, New 350.org Campaign Demands Fed 'Stop Fossil Fuel Finance'

"Not only does the Fed have legal authority to stop fossil fuel finance—it's their responsibility."

Brett Wilkins ·


Neoliberalism Has Depended on Huge Levels of Government Support for Its Entire Existence

Mainstream economics ignores the massive government interventions that "free market" capitalism requires.

Robert Pollin ·


Those Peddling Inflation Fears Should Not Be Heeded

Far from signaling the return of significant inflation, temporary price increases are exactly what one would expect in a recovery following an economic shutdown.

Joseph Stiglitz ·


Progressive Groups Demand Biden Appoint Chair Who Will End Fed's Funding of 'Climate Destruction'

"If the Fed did not begin moving aggressively on Day One of the Biden administration (if not long before that), then the Fed is contributing to the climate crisis."

Andrea Germanos ·

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