US Federal Reserve
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
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.
Professor Robin Hahnel of E3 Network says Yellen is acting in the public interest and does not want to derail slow and tepid recovery
Michael Hudson: The Fed’s practice of buying mortgage and government bonds has helped big banks profit while leaving homeowners holding more debt
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
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.