Activists Counter Feds Gathering, Push Against Interest Rate Hikes
By Daniel Marans in The Huffington Post - Progressive activists and economists who want the Federal Reserve to prioritize jobs and racial justice brought their case to the central bankers' summer meeting in Jackson Hole, Wyoming, on Thursday for two days of teach-ins and protests. The activists’ immediate goal is to prevent the Federal Reserve from raising interest rates until wages rise more significantly.
The two-day event, Whose Recovery: A National Convening on Inequality, Race, and the Federal Reserve, is organized by the Fed Up campaign, a coalition of groups led by the nonprofit Center for Popular Democracy. It serves as a counter-conference to the annual Federal Reserve Bank of Kansas City symposium, where Fed officials come together to discuss monetary policy -- and which is currently taking place at the same resort as the Fed Up gathering.