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U.S. Economic Outlook And Monetary Policy: An Update, Federal Reserve Governor Lael Brainard At The C. Peter Mccolough Series On International Economics, Council On Foreign Relations, New York, New York (Via Webcast)


U.S. Economic Outlook And Monetary Policy: An Update, Federal Reserve Governor Lael Brainard At The C. Peter Mccolough Series On International Economics, Council On Foreign Relations, New York, New York (Via Webcast)
Date
02/03/2021
It has been one year since the first wave of the COVID-19 pandemic hit our shores a year marked by heartbreak and hardship. We are all looking forward to a brighter time ahead, when vaccinations are widespread, the recovery is broad based and inclusive, and services, schools, sports, and social life are in person. The expected path of the U.S. economy has strengthened with the prospect of widespread vaccinations and additional fiscal stimulus, but risks remain, and we are currently far from our goals.1 ....

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How Should We Think About Full Employment In The Federal Reserve's Dual Mandate? Federal Reserve Governor Lael Brainard - At The Ec10, Principles Of Economics, Lecture, Faculty Of Arts And Sciences, Harvard University, Cambridge, Massachusetts (Via Webcast)


How Should We Think About Full Employment In The Federal Reserve s Dual Mandate? Federal Reserve Governor Lael Brainard - At The Ec10, Principles Of Economics, Lecture, Faculty Of Arts And Sciences, Harvard University, Cambridge, Massachusetts (Via Webcast)
Date
24/02/2021
I want to thank Jason Furman and David Laibson for inviting me to join your economics class. I often found it difficult in introductory economics to connect the abstract concepts in the textbooks to the real-world issues I cared about. So the one message I hope you remember from today is that economics provides powerful tools to enable you to analyze and affect the issues that matter most to you.1 ....

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Biden's claim that with a $15 minimum wage, 'the whole economy rises'


Biden’s claim that with a $15 minimum wage, ‘the whole economy rises’
Glenn Kessler
(Stefani Reynolds/Bloomberg News)
“I do think that we should have a minimum wage, stand by itself, $15 an hour and work your way up to the it doesn’t have to be boom. And all the economics show, if you do that, the whole economy rises.”
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, Feb. 5, 2021
President Biden is pushing for a gradual increase in the federal minimum wage to $15 an hour by 2025, after which it would be indexed for inflation. The wage was last raised in 2009, to $7.25, though more than half of the states now have set even higher minimums. ....

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Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast)


Full Employment In The New Monetary Policy Framework, Federal Reserve Governor Lael Brainard, At The Inaugural Mike Mccracken Lecture On Full Employment Sponsored By The Canadian Association For Business Economics (Via Webcast)
Date
13/01/2021
I want to thank the Canadian Association for Business Economics for inviting me to join you today, particularly president Bonnie Lemcke and past president Armine Yalnizyan. It is a pleasure to be here with Carolyn Wilkins.
I am honored to deliver the inaugural Mike McCracken Lecture on Full Employment.1 Widely known for his critical contributions in bringing computer modeling to Canadian economic forecasting, Mike McCracken is perhaps best known for his tireless advocacy that lower unemployment remains the most important goal for the economy, which is particularly resonant for me, along with his emphasis on thinking critically and expansively about full employment.2 A similar theme was highlighted by community and la ....

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