“Today’s release was welcome news that inflation is cooling, and data last week showed a stable and strong job market. Now it’s time to make sure the benefit of that is reaching American families,” Senator Martin Heinrich of New Mexico, a Democrat and the chair of the Joint Economic Committee, said in a release.
Jun 12 2024
Yahoo Finance: A cooler inflation number amplifies the political pressure on Jerome Powel
A new wave of political pressure greeted Fed Chair Jerome Powell as he and his colleagues gathered in Washington this week to discuss the direction of interest rates, and a cooler-than-expected inflation readingWednesday amplified that scrutiny.
Jun 12 2024
PREPARED REMARKS: Chairman Heinrich Leads JEC Hearing on Boom in Manufacturing Investment
Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), today led the committee in a hearing titled, “Made in America: The Boom in U.S. Manufacturing Investment”.
Jun 10 2024
Washington Examiner: Flooding costs US nearly half a trillion dollars a year, Democratic report finds
Flooding has gotten worse as temperatures rise, and it’s becoming more expensive to deal with, according to a new report from Democrats on the Joint Economic Committee. The analysis estimates the total cost of flooding in the U.S. to be between $179.8 and $496 billion each year.
Flooding — which has gotten increasingly severe in an era of extreme weather — costs the U.S. economy an estimated $179.8 to $496 billion per year in 2023 dollars, according to new data from Democrats on the Senate Joint Economic Committee.
Parts of the U.S. have seen an increase in severe weather, including flooding, which cost the economy between $179.8 and $496 billion per year in 2023 dollars, according to new data from Democrats on the Senate Joint Economic Committee.
"Communities in New Mexico and across the country feel the economic impacts of flooding directly. This report helps quantify the magnitude of that impact and the urgent need for climate mitigation and resilience efforts to help reduce it. Democrats have made vital investments to strengthen our infrastructure and lessen climate-exacerbated disasters, but more action is needed still.”
Jun 07 2024
JEC Chairman Heinrich: “A Persistently Strong Labor Market is a Win For Working Families”
"We’ve now seen more than 15 million new jobs with 40 consecutive months of job growth since President Biden took office, the fastest job growth in history. Unprecedented federal investments have helped build a more resilient U.S. economy — including a boom in U.S. manufacturing. "
The session will mark the first time the Joint Economic Committee — one of only a handful of bicameral congressional panels — has taken up the issue. It’s another sign of how enmeshed the topic has become with broader policy debates on Capitol Hill.
May 15 2024
JEC Chairman Heinrich on April CPI Data
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Bureau of Labor Statistics (BLS) reported that prices measured by the Consumer Price Index (CPI) increased 0.3% in April, lower than the March reading. Data also show that annual prices grew 3.4% over the last year, slightly lower than the 3.5% reading in March.