Building an Economy that Works for Everyone - Why You Should Care About the Federal Reserve

GIST Webinar
June 9, 2015
Webinar PPT

During this webinar, national experts discussed the important role of the Federal Reserve in creating an economy that works for all and explained why the Fed should resist pressures to raise interest rates before the economy has a fair chance to recover, and prioritize full employment and rising wages.

Speakers:

Related Resources:

  • Bernstein, Jared. The Reconnection Agenda: Reuniting Growth and Prosperity. CreateSpace Independent Publishing Platform; 1 edition (April 24, 2015). 
  • Bernstein, Jared. "It's Hard to Lift Wages if the Fed Doesn't Make It a Priority." The Upshot, New York Times (April 15, 2015).
  • Yglesias, Matthew. "Fed Up." Democracy A Journal of Ideas, Issue #20 (Spring 2011).
  • Fed Up campaign.  The Fed Up campaign is calling on the Federal Reserve to (1) pursue genuine full employment, with rising wages and good jobs for all, and (2) adopt more public and transparent systems of governance, so that the country's central bank will represent the public interest, not financial and corporate interests. The campaign has developed this very fun Prezi presentation, a public education tool that community-based organizations around the country are using to educate their members about the Fed and this effort. The campaign has received extensive media attention (which is a central strategy for impacting the Fed's decision-making). Its August protest at the Fed's Jackson Hole policy conference was covered by two dozen media outlets, including a good set of interviews on the BBC World Service and these articles in the Wall Street Journal and Reuters. The news site Vox wrote an analysis of the campaign's strategy. In November, leaders from around the country met with Janet Yellen and her deputies. The NY Times covered the campaign's demands for procedural reforms to the selection of Fed Presidents and separately covered its calls for full employment, as did the Wall Street Journal and the Washington Post.