What the Fed Should Know about Disinflation
September 15, 2023
And why they should pause interest rate hikes.
The Roosevelt Rundown features our top stories of the week.
Supply Is Driving Disinflation
The Federal Reserve will announce next week whether its aggressive interest rate hikes will continue.
They shouldn’t continue, Roosevelt’s Mike Konczal argues on a new episode of The Indicator from Planet Money.
As his research shows, the primary driver of inflation has been on the supply side, rather than the demand side the Fed is targeting.
“A lot of the slowdown in inflation has happened basically because we’ve been completing the reopening, because supply chains have been sorted out,” Konczal explains on the podcast.
To avoid a recession, “. . . the Fed should absolutely pause, and they hopefully are going to do that.”
A Progressive Take on Permitting Reform
The recent debt ceiling deal included a suite of “permitting reforms” advocated by Sen. Joe Manchin, but which are unlikely to eliminate the true roadblocks to the renewable energy transition.
This week, Roosevelt hosted A Progressive Take on Permitting Reform, a webcast building on Johanna Bozuwa and Dustin Mulvaney’s recent paper to explore how a principle-driven toolkit can help balance speed in renewable deployment with democratic and community participation.
The panel—moderated by Roosevelt’s Rhiana Gunn-Wright—features Bozuwa, Mulvaney, Sonal Jessel, and Howard Crystal.
What We’re Talking About
"As unions have withered and companies have consolidated," the income inequality has ⬆️.
Today, just as in the post-WWII years, strikes can help create the middle class.
— Roosevelt Institute (@rooseveltinst) September 15, 2023