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Economic Mobility Project: What Is Inclusive Full Employment?
April 7 @ 2:00 pm – 3:30 pm EDT
Join the Chicago Fed for the Economic Mobility Project’s inaugural virtual event exploring what a truly inclusive form of full employment would look like and what the Fed can do to help achieve it.
In August 2020, the Federal Reserve released its new monetary policy framework: the strategies, tools, and communication practices it employs to achieve its congressionally mandated goals of maximum employment and price stability. The new framework is based on a 20-month review during which Fed officials traveled the country and met with a wide range of organizations to hear about how monetary policy affects people’s daily lives and livelihoods. This framework states that the full employment mandate is viewed as “broad and inclusive.” Given the uneven recovery from the economic recession caused by the pandemic, what does this mean in practice? How can the Federal Reserve help ensure an inclusive form of full employment while also addressing its price stability mandate?
The event will include a presentation providing an overview of intergenerational economic mobility and panel discussion with prominent speakers from outside the Fed. Be sure to stay for the fireside chat on different perspectives about inclusive employment and its implications for monetary policy, with Charles Evans, president, Chicago Fed, and Raphael Bostic, president, Atlanta Fed.
Senior Economist and Economic Advisor
Director, The Hamilton Project
Professor of Economics, Howard University
Chief Economist, AFL-CIO
Director of Economic Policy Studies
American Enterprise Institute
About the Economic Mobility Project
The Chicago Fed Economic Mobility Project provides evidence-based research on the factors and policies that affect economic mobility to those who can enact meaningful change.