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The Fed Should Pause Interest Rate Rises as US Inflation Slows

Joseph Stiglitz and Dean Baker The Guardian
It would be irresponsible to create much higher unemployment – and the US economy could be pushed into recession. There is a strong argument for the Fed to take a break from its aggressive monetary-policy tightening.

The Left, Inflation and Monetary Policy

Andrew Jackson Canadian Dimension
We need to greatly expand the role of fiscal policy relative to monetary policy and address inflation while also promoting low unemployment, needed new investments, decent wages and a much fairer distribution of income and wealth.

Ending Pandemic Aid Created a Disaster

Andrew Perez & Nick Byron Campbell The Lever
New government data show that after the government terminated pandemic relief programs, millions more Americans began struggling to survive.

To Fight Inflation, the Fed Is Declaring a War on Workers

Julia Rock Jacobin
Federal Reserve chairman Jerome Powell plans to address sky-high inflation by hiking interest rates — acknowledging that doing so will suppress wages and worker power. It's a response that will force workers to bear the brunt of the inflation crisis.

Tidbits - Feb. 17, 2022 - Reader Comments: Labor Law Reform; Art Spiegelman, Maus and Book Bans; Megadrought; Paul Robeson; Peekskill from One Who Was There; NFL, Brian Flores, Systemic Racism; U.S. and Russian Women Call for Peace; more....

Portside
Reader Comments: Labor Law Reform; Raising Interest Rates a Problem; Art Spiegelman, Maus and Book Bans; Megadrought; Paul Robeson; Peekskill from One Who Was There; NFL, Brian Flores, Systemic Racism; U.S. and Russian Women Call for Peace; more....

labor

Still Getting 'It' Wrong

William Spriggs AFL-CIO Now
Thoughts that huge tax cuts to high-income households will offset a downturn in automobile sales, cuts in public spending, rising college tuition or a dismantling of the health sector are irrational. If theFed raises interests rates, it will threaten a more fragile economy than appears at the moment. The drive to be “normal” in a world that is clearly not normal, may put us in danger of a downturn that will be difficult to recover from.
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