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Final 9-25-16 Delaware

Protesters outside Fed warn against rate hike

National

Protesters outside Fed warn against rate hike

They hoisted signs that linked monetary policy with the racial disparities behind the “Black Lives Matter” movement

Protesters outside Fed warn against rate hike

WASHINGTON (AP) – Strange as it sounds, the social justice movement is united with Wall Street in opposition to a Federal Reserve rate hike. Protesters clad in green t-shirts rallied outside Fed offices. They hoisted signs that linked monetary policy with the racial disparities behind the “Black Lives Matter” movement.

“Black America is still in a Great Recession,” read one sign.

“Don’t raise the interest rate,” the group collectively chanted, arguing that the Fed will eventually encourage faster wage growth by holding rates at the near-zero level they have been at since late 2008. The group is questioning the presence of inflation in the economy – since rising prices have historically triggered rate hikes.

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By Colin Jeffery

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