Shortcut Navigation:

AFL-CIO Now

RSS Economy Blog Posts

What Monetary Policy Needs Is Fiscal Stimulus

The Kansas City Federal Reserve Regional Bank held its annual research symposium at Grand Teton National Park in Wyoming this week. The focus was on the limits of monetary policy. The challenge faced by central bankers is that since the Great Depression, the world has faced deflationary pressures from overcapacity. Oil prices have plummeted, Chinese steel floods the global markets and workers remained frustrated with low wages and finding full-time work. Central bankers have run into a problem because their primary tool of interest rate policy to stimulate the economy has run into the limit of zero nominal interest rates. At zero, they are essentially giving away money. But investment remains stuck on low. And one way to stir the economy, to prompt inflation that gives the room of rising prices for firms to make profitable investments, isn’t happening.

Read more »

The Federal Reserve and Black Unemployment

The Federal Reserve and Black Unemployment

The Federal Reserve Open Market Committee (FOMC) that determines U.S. monetary policy met in July.  Its job is to weigh the state of the American economy, both the labor market and inflationary pressures to set policy.  In an interesting note, its discussion of the labor market explicitly noted the condition of the African American and Hispanic unemployment rates.  More than just an aside, reflecting on the status of June’s labor market the minutes of the meeting show the following note:

“The unemployment rates for African Americans and for Hispanics stayed above the rate for whites, al­though the differentials in jobless rates across the different groups were similar to those before the most recent recession.”

Read more »

What Working People Are Doing This Week

What Working People Are Doing This Week

Welcome to our regular feature, a look at what the various AFL-CIO unions and other working family organizations are doing around the country and beyond. The labor movement is big and active—here's a look at the broad range of activities we're engaged in this week.

Read more »

Take Action

Protect the Consumer Financial Protection Bureau

The Consumer Financial Protection Bureau has done crucial work to safeguard Americans against the deceptive and abusive practices of big banks, student loan servicers, credit card companies and predatory lenders. Tell Congress to protect this important agency.

Sign the petition. »

Connect With Us

  • Facebook
  • Twitter
  • YouTube
  • Flickr

Get Email from AFL-CIO


Msg & data rates may apply. Text STOP to 235246 to stop receiving messages. Text HELP to 235246 for more information.

Blogs

Join Us Online