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Jul 18 2018

Why the Fed Matters

The Federal Reserve (Fed) plays a critical, but largely hidden, role in the day-to-day life of every family in America. When you fill up your gas tank and stock up on groceries for the week, the prices you see are in part shaped by the Fed’s policies. When you cut your landlord a rent check each month, the Fed’s payment services help ensure your check clears on time. And when you’re finally ready to buy your first home, the Fed influences the mortgage rates you’re offered and even whether you’re likely to have a steady and well-paying job to afford that mortgage. From our most basic daily transactions to our most important financial decisions, the Fed has a tremendous impact on the economic livelihoods of Main Street and Wall Street alike.
Over the last 18 months, the Trump administration and Congressional Republicans have turned their backs on rural Americans. While the poverty rate in rural areas is more than 3 percentage points higher than in metropolitan areas, Republicans have avoided addressing the economic challenges facing rural communities. Rather than put forth real solutions, Republicans worked to strip health care coverage for rural families, endanger farm household incomes, and take away nutrition assistance for the neediest of families.
This fact sheet provides a snapshot of the current economic state of women in the United States. It includes measures of economic well-being, such as income and poverty rates, as well as data on educational attainment, labor force participation, and health insurance rates. Together, these measures help paint a portrait of women’s economic health in 2018.
This fact sheet provides a snapshot of the current economic state of Asian American and Pacific Islanders (AAPI) in the United States. It includes measures of economic well-being, such as income and poverty rates, as well as data on educational attainment, unemployment, and health insurance rates. Together, these measures help paint a portrait of the AAPI community’s economic health while demonstrating that headlines often mask variation within the group.
This fact sheet provides a snapshot of the current economic state of millennials in the United States. It includes measures on the generation’s economic well-being, including key trends in homeownership, student debt, and entrepreneurship. Together, these measures help paint a portrait of millennials and their economic prospects for the future.
The Senate will soon take up consideration of the Economic Growth, Regulatory Relief, and Consumer Protection Act (S.2155), which leaves out key consumer reforms and would weaken important protections that ensure Americans are treated fairly in financial markets. Here are 10 ways consumers are left behind:
This fact sheet provides a snapshot of the current economic state of the black community in the United States, including employment, earnings and wealth data, among other key indicators. Together, these measures help paint a portrait of some of the challenges facing black America and its economic prospects for the future.
Since February 5, 1993, the Family and Medical Leave Act (FMLA) has kept millions of workers from losing their jobs, but we can do more. FMLA covers less than 60 percent of the workforce, and it only guarantees up to 12 weeks of unpaid leave, which millions of Americans cannot afford to take.
During his first year in office, President Trump ignored the big problems, such as our nation’s crumbling infrastructure, failed to address national crises, including the opioid epidemic and Puerto Rico’s devastation following Hurricane Maria, and at every turn, acted to undermine recent gains in health insurance coverage. As we near the end of President Trump’s first year in office, below are 10 numbers that highlight the challenges ahead and which likely won’t be talked about by the administration: