An advocate from a leading anti-hunger organization is making monetary policy a focus, noting that current circumstances involving unemployment in the U.S. demand a greater attention to overall economic well-being to help fight hunger at home and abroad.
David Beckmann, the head of Bread for the World, noted in a statement on Monday that the monetary policymakers at the Federal Reserve recently decided to keep interest rates near zero to revive the economy and stimulate employment.
"This is promising news for hungry and poor people," Boeckmann said. "With unemployment stuck abo e 8 percent and inflation below 2 percent, the Fed did the right thing. The main reason for increased poverty in the United States – now touching 46 million people – is high unemployment."
He noted that while government programs have helped alleviate the effects of poverty, "a stronger U.S. job market would do more to reduce hunger and poverty both here and abroad."
A revived U.S. economy could do "even more" to help provide aid to poor countries suffering from hunger around the world, he said.
Beckmann said Congress needs to agree to a bi-partisan compromise on a budget agreement "that will put our country on a path to long-term fiscal health."
"Coupled with the Fed's recent action, a budget compromise after the election would put us on a path toward economic recovery – which is important to everybody, but especially to hungry and poor people in our country and around the world," he added.