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The Roosevelt Rundown features our
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Priorities for the Next
Federal Reserve Chair
The next four-year Federal Reserve
(Fed) chair term will begin in February 2022, and whoever President
Biden nominates (or renominates) for the position will play a pivotal
role in shaping a more equitable and sustainable economy. The next Fed
chair will be tasked with continuing to shepherd the economic recovery
from the pandemic as well as combatting the intertwined crises of
climate change and racial inequality our country faces.
In a series of new blog posts,
Roosevelt Institute experts from across the think tank explain how the
Fed can do that in the next term.
They describe how the Fed can and
should prioritize
workers and families over corporations, cement the shifts
in macroeconomic policy that the Fed has already begun, and proactively address
climate-related
risk.
“Over the next four years, [the
Fed] should prioritize making our banking system more inclusive,
reining in corporate profiteering, and, crucially, curbing investments
in fossil fuels,” Suzanne Kahn writes in an introduction to the series. “It can
do this not only by continuing to prioritize full employment, but also
by using its regulatory powers (in normal times and, especially, in
times of crisis) to reshape how corporations do business over the long
term.”
Read “The Roosevelt Institute’s
Priorities for the Next Federal Reserve
Chair.”
The Racial Inequities of
Student Debt
“The Biden administration has
committed to creating more equitable access to higher education for
future generations, but words without action ring hollow,” Kyle Veazie
writes for the blog. “If President Biden is truly committed to racial
justice and to creating an economy that leaves no one behind, he
should seize this opportunity and act now to finally ease the
long-lasting burden created by student debt.”
Read more in "How
the Student Debt Crisis Disproportionately Harms Black Borrowers,"
and catch up on our recent issue brief "Student
Debt Cancellation IS Progressive: Correcting Empirical and Conceptual
Errors."
What We’re
Reading
The Bad Economics of Fossil Fuel
Defenders -
New York
Times
Heat Is Killing Workers in the US—and There
Are No Federal Rules to Protect Them - NPR
"Everyone Wants a Good Job": The Texas
Unions Fighting for a Green New Deal - Gizmodo
US to Eliminate Student Debt for Borrowers
with Permanent Disabilities - Wall Street
Journal
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