On Wednesday, the Federal Reserve raised interest rates by 0.25 percent, a move that EPI’s Josh Bivens says is a mistake because the U.S. economy hasn’t yet reached full employment. Under genuine full employment, unemployment is low enough that workers can demand and obtain real wage gains in line with productivity growth—something most workers haven’t enjoyed for decades. The Fed’s move unfortunately prioritizes keeping inflation below the Fed’s target rather than full employment.
On Monday, December 19, EPI will host a panel discussion on voter attitudes about regulatory enforcement. Celinda Lake of Lake Research Partners will present new research on the topic and a panel of policy experts will explore the implications for health and safety, environmental, labor, and financial regulation and enforcement. Join us in Washington, D.C., or watch the livestream.