President Shelton, AFL-CIO Leaders Meet with Fed Reserve Chair

At a meeting with Federal Reserve Chair Janet Yellin, CWA President Chris Shelton and a delegation of AFL-CIO leaders said working families were not sharing in the economic recovery and profits of employers, and that good jobs continued to be at risk. He warned that raising interest rates would further harm the ability of working families to improve their wages and standard of living.

AFA-CWA International President Sara Nelson, part of the group, said that airlines were creating new carriers to compete and replace work currently performed by employees at existing carriers, putting more downward pressure on wages.

The union leaders' session preceded the September meeting of the Federal Reserve at which it could raise interest rates, adversely affecting working families and the economy.