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Recent Banking Crises Reinforce the Need for a Public Banking System

The recent banking crises reveal major issues with the rules that banks have to follow in the US, and forces us to ask: what is banking for and how can it best serve society? It’s time we start treating money and payment systems as the public good they

Fed Chair Powell Grilled on Interest Rate Hikes: Positive Money Response

Washington, D.C — This week, Federal Reserve Chair Powell testified before Congress to discuss the Fed’s latest semiannual “Monetary Policy Report.” The report and Chair Powell’s testimony confirmed the Fed’s commitment to continued


“Ignoring the climate crisis and its risks would mean deviating from the Fed’s congressionally given mandates,” says a new letter. The Fed has been told it cannot remain neutral on the climate crisis, in an open letter sent today by research

Voters Think Rate Hikes Ineffective at Curbing Inflation

New report debunks current approach to tackling inflation, proposes new price stability toolkit. Washington D.C.— More than half of American voters think raising interest rates is an ineffective way of curbing inflation, and over two-thirds think the Fed

Federal Reserve Announces Climate Scenario Analysis for Big Banks: Positive Money US Response

The Federal Reserve announced today that six of the nation’s largest banks will participate in a pilot climate scenario analysis exercise in 2023, designed to “enhance the ability of supervisors and firms to measure and manage climate-related

Interest Rate Hikes are the Wrong Tool: Positive Money US Response

The Federal Reserve has raised rates for the third consecutive time by 0.75%, in an attempt to tame inflation by increasing the cost of borrowing and therefore dampening demand.  Positive Money U.S.’s lead campaigner Akiksha Chatterji said, 

Positive Money Goes to Jackson Hole

Photo Credit: @orourke_photo Positive Money went to Jackson Hole, Wyoming in August for the annual economic event attended by key leaders from the U.S. central bank, the Federal Reserve. We  joined our partners (350 US, 350 Colorado, 350 Wisconsin, 350