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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 ....
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 ameri ....