Apologies for the previous email that had an error. We want to ensure you have the corrected version. Thank you for being a valued subscriber to the Center for Economic Opportunity. – Patrice
Welcome to the May MidPoint newsletter. We started the month celebrating small businesses and calling out Biden’s anti-entrepreneur agenda. New inflation data tell the same old story and we debunked President Biden’s patent lie about inflation. We’ve been vocal about the reported disturbing culture at the FDIC and why leadership change is needed now.
Keep reading for the latest economic, labor, and tech analysis from the Independent Women’s Forum’s Center for Economic Opportunity (CEO).
Patrice Onwuka
Director, Center for Economic Opportunity
IWF & IWV sent letters to the House Financial Services Committee and Senate Banking Committee calling for Martin Gruenberg, the Chairman of the Federal Deposit Insurance Corporation (FDIC), to resign amidst outrageous allegations at the agency.
As I wrote:
“Every worker in the United States deserves a workplace that is free from discrimination and harassment of any kind. The disturbing allegations about the workplace culture at the FDIC, first brought to light by a Wall Street Journal investigation last November and recently corroborated by an independent investigation, raise serious doubts about the agency’s leadership. Separately, the FDIC’s aggressive regulatory agenda calls into question its ability to enact its core mission.
Internally, the work environment at the FDIC has reportedly devolved into “a toxic and sexualized workplace” featuring hostile, abusive, and unprofessional behavior tolerated for years rather than rooted out and reformed.
The FDIC is desperately in need of reform. After nearly two decades at the agency, including several stints as acting director, how can Gruenberg be trusted to reform the agency?”
“This month’s 3.4% Consumer Price Index reading affirms that inflation is not under control and not falling back to pre-pandemic levels.
“President Biden lied recently when he claimed that inflation was 9% when he took office. The CPI was 1.4% in January 2021 and skyrocketed under his leadership. Women should know that radical policies driven by reckless, excessive federal spending lead to unaffordability.
