US Federal Reserve

Why the Federal Reserve Needs To Go Beyond Interest Rate Policy

September 26, 2016

The long-term decline of the U.S. economy won’t be reversed until there’s movement towards greater public investment, protections for workers, and a higher minimum wage, says PERI co-director Gerald Epstein

Yellen Signals Interest Rate Hike, Will It Increase Inequality?

July 12, 2015

PERI’s Gerald Epstein says the Fed needs to expand its toolbox to get finance to Main Street because raising interest rates will hurt workers.

The Fed Sits on Interest Rates Waiting Greater Recovery

March 20, 2015

Professor Robin Hahnel of E3 Network says Yellen is acting in the public interest and does not want to derail slow and tepid recovery

Fed Pulls Back Quantitative Easing

May 19, 2014

Michael Hudson: The Fed’s practice of buying mortgage and government bonds has helped big banks profit while leaving homeowners holding more debt

A Look at Who’s Poised to Become No.2 at the Fed

December 23, 2013

Gerald Epstein: Former Bank of Israel Chief Stanley Fischer will likely become the Vice Chairman of the Federal Reserve, but his record shows consistent catering to Wall Street rather than bringing the country to full employment

How Can Fed Policy Help Main Street?

November 17, 2013

Robert Pollin: Expected new Fed chair Janet Yellen will continue Bernanke’s policies of shoring up Wall Street banks with trillions, but the Fed could help Main Street with different policies.

Yellen In Line to Head Fed, But How Will She Lead?

November 15, 2013

Economists Bill Black and Greg Palast discuss Fed Chair nominee Janet Yellen’s record, pointing to her support of the repeal of Glass-Steagall as an indication of how she’ll work with Wall Street.