My name is stephanie aronson. Im the Vice President and director of the Economics Studies program here at brookings. Thank you for joining us for todays event, organized by our hutchens center on fiscal and Monetary Policy on how the fed will respond to the covid19 recession in an away of low rates and lowflation the topic is particularly salient since last week, following an 18month review of its Monetary Policy strategy. The federal open Market Committee will be a revised version of its longer run goals and Monetary Policy strategies. We are honored to have governor board of governor here to offer her thoughts on the topic. After we hear from her there, will be time for questions and answers from the audience and panels to convene our discuss with ben bernanke, janet 12k0 and two marketers there will be more on that later in the program. In terms of questions, if you would like to pose a question, you can do so at email at events brookings. Edu. Before we begin, let me provide a shor
The untold true story of americas middleclass. Guest thank you for having me. Host how do you define the middle class . Guest there are so many ways you can define the middle class and some new ways people have over time. Sete it as an aspirational of Economic Security items that americans want to have to make their lives feel safe and secure , and to pass a better life onto their children. I defined middleclass as someone who is able to buy their own home, their own car, send their kids to school come a safer retirement , save for retirement. Stablel people feel more through tough economic times. If you can build enough wealth up to buy those things, i think in america we would call you middleclass. Are strivingle who for that security are aspirational middleclass. Host how far back in our history does the use of the term middleclass go to refer to economic success . Guest we think of the middle class as quintessentially american, but it is relatively new term in terms of popular news
Morning and thank you for being with us. Guest thank you for having me on. Host let me begin on chapter two of your book because you say quote, let me start by describing what i believed to be the enduring character, the political dna of our two Major Political parties. What is there dna . Guest they change their positions on issues over the years. These are very old parties. The republicans started off as the protectionist party and became the freetrade party around the 1970s. With President Trump they are now the trade party. The enduring character is that the Republican Party has always been founded around a core constituency of people who are considered by themselves and others to be typical americans, but they are not a majority of the population. The Democratic Party has always been a coalition of people who were supposed some time to be typical americans but who together can be a majority. They dont always hold together and we get schisms and fights within the Democratic Party.
A little but the heart of the town of counted. And less than an hour polls will close in spains 2nd general election this year acting Prime Minister pedre sanchez called for the vote after failing to form a governing Coalition Following the april poll spain has been without a stable government since 2015 and this is the 4th vote held in as many years the leftist but demos party has vowed to help sanchez a socialist form a coalition the vote has been overshadowed by the rise of the far right vox party and the unrest in catalonia we have correspondents covering this election in a moment we speak with Hoda Abdelhamid she is in the catalan regional capital barcelona 1st go to jonah hall in madrid and jonah as you are saying this is the 2nd vote. Take place this year and that the 4th in 4 years voters must be feeling somewhat fatigued but whats turnout been like today. What we await final figures on turnout its like to be slightly lower than it was in april thats what the indicators are sho
If you are an independent, 202 7488002. You can also send us a text message and we will read that at 202 7480003. Or send us a tweet cspanwj and as always we are on facebook, facebook. Com cspan. A number of developments over the weekend, including this front page story from the new york times, Boris Johnson forced to seek a brexit extension. We will have that story with Jason Douglas of the wall street journal. And a tweet overnight about the g7 summit, originally scheduled to take place at the doral in miami, florida, the president with this tweet last night host that from the president. Joining us live on the phone, senior White House Reporter for reuters. , following the firestorm that he received over the last 48 hours, was this a surprise . Caller yes. Guest yes i was certainly surprised that came out last night. Primarily because they had been signaling for some time that this was the place the president wanted to go. That it was his decision and basically he didnt really care a