Raw Story owner Michael Rogers discusses Progressive media. Minnesota Attorney General Keith Ellison on winning by fulfilling the needs of the people. Progressives slam the Fed.
Keith Ellison on serving.
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- Ignoring Warnings of Mass Job Loss, Fed Hikes Rates to Highest Level in Decades: Progressives on Wednesday rebuked the U.S. Federal Reserve for raising interest rates by another 25 basis points, arguing that the move threatens to throw millions of people out of work while failing to address the root causes of inflation. Wednesday’s interest rate hike—the 11th in 16 months—pushes benchmark borrowing costs to a target range of 5.25%-5.5%, their highest level since early 2001. It also ignores the advice of numerous academics and lawmakers who have long contended that job-killing rate hikes are incapable of tackling the corporate price gouging that is contributing significantly to the cost-of-living crisis. Last month, the Fed announced that it would temporarily pause rate hikes after 10 consecutive increases since March 2022. As inflation showed signs of easing, a chorus of economic experts urged the nation’s central bank to maintain the freeze, warning that a return to the status quo ante could needlessly push the economy into a recession. Wednesday’s widely anticipated resumption of rate increases set off a firestorm of criticism. [More]
- Keith Ellison on winning in Minnesota: Serve the people, and they’ll reward you with their vote: Minnesota Attorney General Keith Ellison sat with PDR, where he explained his strategy for winning elections. It is about serving the people’s needs. He was the AG at just the right time, and he likely saved Minnesota during the George Floyd fiasco. [More]
- Michael Rogers, owner of Raw Story and other Progressive sites, on highlighting the right stories: The owner of Raw Story and other Progressive sites, Michael Rogers, visited to discuss the state of Progressive Media and more. [More]
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