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EPI economist urges the Federal Reserve not to raise interest rates yet

This week, the Federal Reserve announced that it had opted not to raise interest rates yet—a move EPI Economist Josh Bivens supported in a recent article. Bivens, as part of the Fed Up campaign, has met with 9 of the 12 regional Federal Reserve Board presidents in recent years, urging them to not begin raising rates until the United States achieves genuine full-employment.


Ben Zipperer and Janelle Jones join EPI

EPI is pleased to announce that Ben Zipperer and Janelle Jones have joined EPI. As an economist, Ben Zipperer works on issues relating to the minimum wage, inequality, and low-wage labor markets. He came to EPI from the Washington Center for Equitable Growth.

As an economic analyst, Janelle Jones works on a variety of labor market topics within EPI’s Program on Race, Ethnicity, and the Economy (PREE) and the Economic Analysis and Research Network (EARN). She worked as an economist at the Bureau of Economic Analysis.


In a story about the value of college, the New York Times cited EPI research, noting that the growing pay gap between people with four-year college degrees and those without a college degree is caused by a decline in wages for everyone. | "What is a college education worth?" »
EPI’s Josh Bivens appeared on WBUR’s On Point to discuss how the slowdown in global trade affects U.S. workers. | "Global trade: Fact and fiction" »
Quartz covered EPI’s recent gender pay gap report, noting that the gender pay gap has declined not because women are earning more, but because men are making less. | "One reason the gender pay gap is shrinking? Men’s wages are falling" »
Detroit Free Press interviewed EPI’s Robert Scott about workers’ perceptions of NAFTA. “I think workers are aware of NAFTA, they are aware of the phenomenon of outsourcing, they see their plants closing, and they blame it on NAFTA because that is what they know.” | "Unwinding NAFTA unrealistic and unlikely to restore jobs" »
The Huffington Post quoted Elise Gould about how steady economic growth will affect the long-term unemployed. “As jobs continue to increase and the labor market tightens, those workers are going to be pulled in along with everyone else.” | "Over half a million people have been unemployed for 2 years or more" »
In a story about the effects of U.S. trade relations, BBC News cited EPI research, noting that 3.2 million jobs left the United States for China between 2001 and 2013 due to trade. | "A tale of two factories: Is China taking US jobs?" »
From the EPI Blog
Josh Bivens
Inflation—sources, consequences, and appropriate policy remedies
Josh Bivens
A real “party of the working class” wouldn’t attack the Affordable Care Act
Job Openings and Labor Turnover Survey for April shows an economic recovery gaining steam
May jobs report is a promising sign that the recovery is on track: Initial comments from EPI economists
Elise Gould and Josh Bivens
What to watch on jobs day: Missing expectations for job growth isn’t worrisome—yet
Josh Bivens
What if it’s not a labor shortage, but just the return of tipping customers driving wage growth in restaurants?
Elise Gould and Jori Kandra
Only one in five workers are working from home due to COVID: Black and Hispanic workers are less likely to be able to telework
Kyle K. Moore
Labor rights and civil rights: One intertwined struggle for all workers