The AFL-CIO, the nation’s largest labor federation, will air at least $1 million in advertisements against House Republicans including Whip Kevin McCarthy for blocking a rewrite of U.S. immigration laws.
As speculation grew that Federal Reserve Vice Chairman Janet Yellen would be nominated to lead the central bank, her appointment book beginning in April became peppered with meetings with the titans of finance.
AFL-CIO President Richard Trumka said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that Federal Reserve Vice Chairman Janet Yellen has a better approach on employment policies than Lawrence Summers and is a better candidate to be the next head of the central bank.
Janet Yellen, the top candidate to succeed Ben S. Bernanke as chairman of the Federal Reserve, has won praise from labor leaders, and with good reason: she has put the battle against unemployment front and center at the Fed.
Janet Yellen has won the backing of U.S. labor leaders, including the head of the AFL-CIO, to be the next Federal Reserve chief over Larry Summers because of her support for central bank policies promoting full employment.
AFL-CIO President Richard Trumka, in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, said he’s optimistic President Barack Obama will propose a multitrillion-dollar job-creation program next week.