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Heidi Shierholz

president at EPI

Heidi Shierholz is president at the Economic Policy Institute and former chief economist at the U.S. Department of Labor.

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Heidi Shierholz

An empty wallet with a small arrow going in, and a larger arrow coming out

Everyone is talking about affordability — and making the same mistake

Image: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on Feb. 1, 2023.

The Federal Reserve must back off interest rate hikes before it’s too late