Federal support for clean technology has been scaled back steadily, resulting in job losses that rival cuts under the proposed defense sequester.
EPI in the media
Fed Chair Janet Yellen will deliver the keynote address at an annual economic symposium in Jackson Hole, Wyoming, this week at a gathering of central bankers and academics that will focus on labor markets. All attendees, which include central bankers, academics and the media, pay their own entrance fee of $1,000 as well as their own travel costs to attend.
Including the rather exclusive Jackson Hole summit, many worry there isn’t enough access for “everyday” Americans to share their stories to policymakers as they make monetary policy decisions.
“Low-wage and middle-income working folks don’t necessarily understand what the Fed does, and even people who are unemployed and underemployed have other pressing concerns,” says Peter Brownell, research director at the Center on Policy Initiatives. “Efforts need to be made to actually affirmatively reach out to people and get their perspective, whereas Wall Street and business leaders are not shy about putting their views forward.”
Brownell’s organization is one of about 60 – including the Economic Policy Institute and the National Employment Law Project – that cosigned a letter to Fed policymakers saying that the job market remains weak enough – particularly in light of the flat wages for hourly workers – to necessitate its easy-money policies.US News and World Report | August 22, 2014