Working Life

It’s an action-packed, let’s-catch-the-thieves-in-the-act episode. The Federal Reserve Board’s Open Market Committee just wrapped up its two-day secret June meeting without triggering a new cut in interests rates—and what does that mean? I unravel the state of play at the Fed—and ask the question why shouldn’t we change the basic structure of the Fed—with Dean […]

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Poof! Before you noticed it, the Federal Reserve Board raised interest rates and, then, no one much talked about it, even though the Fed probably has more power over your job prospects than any politician. So, we talk about The Fed at length with long-time Fed watcher Dean Baker, co-director of the Center for Economic […]

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Putting aside the noise that rumbles from the Boehner-McConnell-Fill-In-The-Blank Republican divorced-from-reality view of the economy, who rail about job-killing taxes/regulation/voodoo, the far bigger threat to jobs right now hails from the halls of the Federal Reserve Board. It could, within weeks or months, guarantee that hundreds of thousands of people won’t have a job, and reawaken the deficit-mongering crowd’s call for cuts in government that will hurt millions more.

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