From the good people at Brave New Films: Under pressure from big corporations and Wall Street, the Federal Reserve is moving in ways that will stop wage growth and raise interest rates. This is a terrible idea that will hurt millions of low wage workers and unemployed Americans.
The Fed makes monetary policies that directly affect us all. They influence the economy, inflation and employment levels. But when over 80 percent of the Federal Reserve members are bankers and heads of corporations, it is no wonder they only represent elite interests and alter the entire economy without any input from us.
We made the short video above explaining why the Fed makes so many decisions for Wall Street rather than Main Street.
The Fed claims to maintain economic stability, but economic stability for whom, big banks or the American people?
That’s why we are calling on the Federal Reserve to listen to the voices of the people whose lives are affected by this weak economy.… Read the rest