An excellent catch from Claudia Sahm: Claudia Sahm: When ...

An excellent catch from Claudia Sahm: Claudia Sahm: When will everyone who wants to work have a job in the United States? https://equitablegrowth.org/when-will-everyone-who-wants-to-work-have-a-job-in-the-united-states/: 'Ayanna Pressley (D-MA) prefaced her questions directed to Federal Reserve Chair Jerome Powell at last week���s semiannual Humphrey-Hawkins congressional hearings with a history of the full employment mandate.... President Franklin Delano Roosevelt called for a Second Bill of Rights, including a right to a ���useful and financially rewarding job.��� Supreme Court Justice Thurgood Marshall argued that the ���right to a job��� was secured by the 14th Amendment. Martin Luther King Jr. called for a job to all ���who want to work and are able to work.��� She underscored that the March on Washington for Jobs and Freedom was a march for ���economic justice.��� After Dr. King���s assassination, Coretta Scott King carried on fight for the full employment mandate. She attended the signing of the Humphrey-Hawkins Act in 1978, and the reason why Powell was there to testify. Rep. Pressley then asked Powell, ���Yes or no, given persistent concerns about inflation, do you believe the Federal Reserve can achieve full employment?��� Powell began by thanking her for the history, which he said he ���did not know���...

#noted #2020-02-21