Campaign for America’s Future ------------------------------------------------------ Steel Sold Out The US Senate failed to support a measure to stop the illegal dumping of foreign steel in the U.S. after Clinton Administration lobbying against a steelworker-backed bill. http://www.ourfuture.org
EVENT: Working Families Will Pay if Fed Raises Interest Rates America's Future sponsored a Hill press conference urging the Fed not to raise interest rates. It featured John Sweeney, Kweisi Mfume, Rep. Barney Frank, and others. Co-Director Bob Borosage also takes issue with the Fed and the near- omnipotence of Alan Greenspan. http://www.ourfuture.org/readarticle.asp?ID=476
Economic Policy Institute ------------------------------------------------------ The Ticking Debt Bomb: Why the U.S. International Financial Position Is Not Sustainable. http://www.epinet.org/briefingpapers/debtbomb.html
The Fed’s Phantom Menace: False Fears About Wage Growth Threaten to Slow Expansion http://www.epinet.org/Issuebriefs/Ib132.html
Financial Markets Center ------------------------------------------------------ New Fed Vacancies Web Page For the fourth time in his presidency, Bill Clinton has an opportunity to appoint two new governors to the Federal Reserve Board - and citizens have a chance to publicly debate the candidates and concerns Clinton should consider.
To encourage that debate, the Financial Markets Center has created a Fed Vacancies Page at its web site. The new Page contains a forum for users' views and a pipeline for making suggestions to White House officials in charge of selecting Fed nominees. Background materials posted to the Page include FMC's rating of presidents' impacts on the Fed, analyses of Board tenures and representation patterns and authoritative data sets on Fed governors. http://www.fmcenter.org