PRESS RELEASE: PRESS CALL TODAY 4PM ET: ECONOMISTS REACT TO FED CHAIR POWELL’S TESTIMONY, INFLATION

FOR IMMEDIATE RELEASE 
July 14, 2021

Contact: 
Maddy McDaniel, Communications Director

[email protected] or 914-471-7716

PRESS CALL TODAY 4PM ET: ECONOMISTS REACT TO FED CHAIR POWELL’S TESTIMONY, INFLATION

Economic Policy Institute’s Josh Bivens, The Roosevelt Institute’s Mike Konczal, Groundwork Collaborative’s Rakeen Mabud Will Discuss the Latest CPI Numbers and React to Fed Chair Powell’s Testimony

Per International Monetary Fund, the American Jobs and Families Plans Would Raise U.S. Economic Growth Predictions to 7%

WASHINGTON, D.C. — Today at 4pm ET, a group of economists will join a press call hosted by Invest in America to react to today’s Consumer Price Index (CPI), Federal Reserve Chair Jerome Powell’s testimony during tomorrow’s House Financial Services Committee hearing, and what it all means for the Biden administration’s agenda. Register for the call here.

Economists maintain that inflation is likely transitory and not a long-term concern and that the recent public investments in the American Rescue Plan are responsible for increased projections of economic growth, wage increases, and job creation.

The Build Back Better agenda, including the American Jobs and Families Plans, would build on these economic gains with once-in-a-generation investments in caregiving, clean energy, housing, education, and more, creating millions of good-paying jobs for workers and families and boosting our economy.

Who: 

  • Josh Bivens, Director of Research at Economic Policy Institute
  • Mike Konczal, Director of Progressive Thought at the Roosevelt Institute
  • Rakeen Mabud, Managing Director of Policy and Research and Chief Economist at Groundwork Collaborative

What: 

  • Economists offer their thoughts and reactions to the latest CPI report and Chair Powell’s testimony to the House Financial Services Committee.

When: 
  • Wednesday, July 14 at 4:00 PM ET.

Where: 
  • RSVP for the press call here.

About Invest in America

Invest In America is a national rapid response operation advocating for robust public investment to rescue the economy from the COVID crisis and create prosperity for the future, and to fight back against fear-mongers who use deficit concerns as a scapegoat to starve American communities and businesses of resources. 

The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.

Learn more at InvestInAmericaNow.com and @InvestNowUSA, and InvestinAmericaProject.com.

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