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September 17, 2021
For those less familiar with the Carlyle Group, the private equity firm where Powell was a partner and senior lawyer from 1997 – 2005, here’s a quick overview of their history with capitalizing on political connections and the revolving door.
September 16, 2021
It really shouldn’t surprise anyone that a former Carlyle Group executive — a firm whose whole profit strategy is based on exploiting insider connections in the federal government — hasn’t prioritized ethics and oversight in running the nation’s largest stockpile of potentially market-moving information.
August 30, 2021
The organizations call for the next Chair, Vice Chair, and Vice Chair for Supervision to prioritize protecting against recessions, combating systemic racism, fighting climate change, and ensuring full employment.
August 19, 2021
Disproportionately Black cities were the ones most in need of a non-profit-seeking investment alternative during the COVID-19 crisis. The Fed’s program to fill that need failed to deliver.
August 19, 2021
The following points are taken from Revolving Door Project’s extensive research document on Jerome Powell’s private-sector record, which includes work at union-busting and fossil fuel-investing firms.
August 09, 2021
During his time at the Carlyle Group, the firm repeatedly engaged in union-busting layoffs, climate-damaging fossil fuel investment projects, and more.
August 06, 2021
For the sake of American workers, racial justice, financial security, and the climate, Federal Reserve Chairman Jerome Powell should not be renominated for a second term.
August 02, 2021
The argument in favor of Powell ignores the simple math.
July 29, 2021
In the last few months, Revolving Door Project has been quite public about our opposition to renominating Jerome Powell for a second term as Chair of the Federal Reserve.
June 29, 2021 | The American Prospect
Interagency cooperation is essential to ensuring the Biden administration adequately manages the risks associated with the growth of cryptocurrency, including illicit finance, tax evasion, investor and customer protection, shadow banking, and financial stability.
June 10, 2021 | American Prospect
Just as a president shouldn’t only be judged on whether or not they started a war, Fed chairs shouldn’t only be judged on whether they raised or lowered interest rates. That’s their most salient power, but they have other, more complex ways of affecting our lives. Financial regulation is one of the most important of these, and it’s one on which current Fed chairman Jerome Powell has failed badly.
June 02, 2021
Working Paper: New Federal Reserve Governors Must Deploy All of the Institution’s Tools to Advance the Public Interest
Over the course of the next eight months, Biden will have the opportunity to reshape the Federal Reserve Board of Governors with nominations for up to four of its seven seats, including the positions of Vice Chair of Supervision, Vice Chair, and Chair (listed in the order they will become vacant). In choosing nominees for these posts, it will be essential that Biden consider the full weight of the Federal Reserve’s immense power and select individuals who are ready and willing to deploy every ounce of it to advance the public interest.