Opinion | The Fed Should Not Punishing Working People for Inflation Driven by Big Oil's Greed

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'Two important drivers of inflation are especially dangerous—fossil fuels and corporate greed.'

Inflation is complex and demands a deeper look beneath the surface which usually reveals that we need wide-ranging tools to effectively manage rising prices. Austerity-based measures like interest rate hikes threaten our chances of investing in a robust economic recovery to help build a stable and socially just future.

Corporate greed and fossil fuels are massive challenges that demand better responses. Getting off fossil fuels and transitioning to renewable energy is a long-term solution that can help us build a fair and sustainable economy on a planet that will remain habitable for generations to come. It's time our public institutions step up and lead the way there.Akiksha Chatterji

Aki is an international student from India, who moved to Seattle in 2019 for higher education. She is currently getting her Masters in Social Work from the University of Washington, with a focus in administration and policy. Working with 350 Seattle on the Green New Deal campaign aligns well with Aki’s values as she believes that addressing climate change is inextricably tied to racism, economic inequality, the exploitation of vulnerable communities, and other forms of deep rooted systemic oppression.

 

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Opinion | Interest Rate Hikes Will Not Fix Inflation'Some pundits predict that the Fed will back off its aggressive interest rate hikes when the carnage from that approach becomes painfully evident, but it seems to be a phase we have to go through to convince policymakers that the Fed's current tools are not able to curb the price inflation we have today.'
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