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Progress Report
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News, events, and must-read analysis from the Progressive Policy Institute.
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** Face it, Democrats: Not All Unions Are Allies
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By Lindsay Mark Lewis
PPI Executive Director
for The Hill ([link removed])
Lost in the deluge of campaign coverage these days is any meaningful coverage of one of the Biden administration’s signal achievements.
Less than a year ago, the president made history by walking a United Auto Workers (UAW) picket line demanding that General Motors give the nation’s blue-collar workers a raise. The union’s president, Shawn Fain, declared at the time, “We know the president will do right by the working class.”
When the UAW prevailed, anyone paying attention could see the outlines of the old progressive coalition emerging through a political fog — the Democratic Party, organized labor and working-class voters all rowing in the same direction.
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More from PPI on the 2024 GOP Platform
Ben Ritz, Vice President of Policy Development: The RNC Platform Would Almost Certainly Make Inflation Worse
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Ed Gresser, Vice President and Director for Trade and Global Markets: Trump’s tariffs could mirror Hoover’s Depression-era results
⮕ The Hill ([link removed])
Alex Kilander, Policy Analyst at PPI’s Center for Funding America’s Future; and John Wong, Fiscal Policy Fellow: Trump’s Schedule F Would Transform the Civil Service to Weaponize Government
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** November’s Presidential Election Likely Won’t Stop Fed From Cutting Rates
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By Paul Weinstein Jr.
PPI Senior Fellow
for Forbes ([link removed])
Last month, prices fell to their lowest levels almost two years. The June Consumer Price Index dropped to 3.0% annually–down from 3.4% the prior month—and is now on the verge of hitting the Federal Reserve’s inflation target of 2%.
Almost immediately after the release of the CPI data, Republicans warned the Federal Reserve not to cut rates prior to the election in November. After Fed Chair Jerome Powell testified before the Senate Banking Committee Senator Kevin Cramer (R-N.D.) argued that “I personally don’t think they should. Anything they do before November would be rightfully—would raise the question of their own independence.”
But will the Fed heed the call from Republicans to keep rates at their current level (even if CPI drops further) when its Federal Open Markets Committee meets on July 31 and September 18? Based on past history, the answer is a resounding no.
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[link removed]'s%20presidential%20election%20likely%20won't%20stop%20fed%20from%20cutting%20rates%2C%22%20from%20%40ppi: https%3A%2F%2Fwww.forbes.com%2Fsites%2Fpaulweinstein%2F2024%2F07%2F18%2Fnovembers-presidential-election-wont-stop-fed-from-cutting-rates%2F Share ([link removed]'s%20presidential%20election%20likely%20won't%20stop%20fed%20from%20cutting%20rates%2C%22%20from%20%40ppi: https%3A%2F%2Fwww.forbes.com%2Fsites%2Fpaulweinstein%2F2024%2F07%2F18%2Fnovembers-presidential-election-wont-stop-fed-from-cutting-rates%2F)
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New from the Experts
Bruno Manno, Senior Advisor: Some Lessons from Britain’s New Push for Education and Workforce Training
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Taylor Maag, Director of Workforce Development Policy: America’s Got Talent, But Needs a Tax Policy to Unleash It
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Analysts: House GSP proposal might have too many eligibility requirements, ft. Ed Gresser, Vice President and Director for Trade and Global Markets
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LISTEN: Politics Without the Boring Bits: Stand and Deliver, ft. Claire Ainsley, Director of the Project on Center-Left Renewal
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Michael Mandel, Vice President and Chief Economist: The Future of Anti-Obesity Drugs
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Trade Fact of the Week: Trade Fact of the Week: Kung Fu Panda 4’s Chinese Box Office Earnings Are Down 65% From the Kung Fu Panda 3 Record
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Don't Miss These PPI Reports
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Listen Up
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Radically Pragmatic
Child Care, It’s a Workforce Issue!
In this episode of the Radically Pragmatic podcast, PPI’s Taylor Maag, the Director of Workforce Development Policy speaks with national and state leaders, Linda Smith from the Bipartisan Policy Center and Ashli Watts from the Kentucky Chamber on child care policy in our nation, how it is affecting women in the workforce and bold new solutions to address child care challenges at scale.
Staff Spotlight: Kevin Becker
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Kevin Becker grew up in Glenview, Illinois before attending American University (AU) in Washington, D.C.. At AU, he was an active member of the investigative journalism publication American Way of Life as the Public Relations Director and staff writer.
Furthermore, he interned in Representative Mary Peltola's (D-Alaska) office for almost a year before joining Capitol Hill Consulting Group, a bipartisan government relations firm, as a full time legislative intern during his last semester of college and into the summer.
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