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SUMMARY:Toward an Inclusive Recovery: Achieving an Equitable and Inclusive Wealth Recovery
DESCRIPTION:On June 29\, join the Federal Reserve Banks of Boston and St. Louis for Toward an Inclusive Recovery: Achieving an Equitable and Inclusive Wealth Recovery\, featuring two virtual panels. First\, experts will discuss how household balance sheets and wealth gaps have evolved since the beginning of the pandemic. Next\, panelists will discuss how evidence-based solutions could contribute to a more equitable and inclusive wealth recovery. We hope you’ll join us. \n\n\n\n\nRegister\n\n\n\n\n\n\n\n\nSeminar details\n\n\n\nWealth can be transformative in its ability to promote financial security and opportunity across generations. Yet\, wealth gaps have existed well before the pandemic\, and the uneven trajectory of the recovery may have intensified them. Historical factors and ongoing systemic barriers have significantly inhibited the ability of people of color\, women\, and other disadvantaged groups to accumulate meaningful levels of wealth. \n\n\n\nWealth gaps could widen further depending on housing and stock market performance and the expected expiration of critical cash\, food\, housing\, and debt assistance to struggling families. As a result\, households may experience depleting savings and increasing debts to potentially alarming levels. Price increases in various sectors\, resulting from inflation and global events\, could have disparate effects on family wealth holdings. This could burden those with less wealth even more while those with greater wealth may draw down theirs to meet consumption needs. How can we ensure the most vulnerable families are equitably included in recovery and wealth-building efforts? How can more families build the healthy balance sheets they need to thrive? \n\n\n\nThis seminar\, presented by the Federal Reserve Banks of Boston and St. Louis\, will discuss wealth trends since the pandemic and how evidence-based responses\, within households and the broader economy\, can promote wealth equity and an inclusive wealth recovery. The first panel will provide a framing of the issue\, including how different household assets and liabilities have been affected. The second panel will explore ideas on how to move beyond a simple recovery mindset and focus on collectively getting families to a more stable and resilient wealth position moving forward. \n\n\n\nSpeakers\n\n\n\n\n\n\n\n\n\nXudong AnAssistant Vice PresidentSupervision\, Regulation\, and CreditPhiladelphia Fed \n\n\n\n\n\n\n\n\n\nJanet BoguslawSenior ScientistHeller School and Institute for Economic and Racial Equity \n\n\n\n\n\n\n\n\n\nRay BosharaSenior AdvisorInstitute for Economic EquitySt. Louis Fed \n\n\n\n\n\n\n\n\n\nJim BullardPresident & CEOSt. Louis Fed \n\n\n\n\n\n\n\n\n\n\n\nSara ChagantiDeputy Director of ResearchRegional and Community OutreachBoston Fed \n\n\n\n\n\n\n\n\n\nPrabal ChakrabartiExecutive Vice PresidentRegional and Community OutreachBoston Fed \n\n\n\n\n\n\n\n\n\nFiona GreigManaging Director and Co-PresidentJPMorgan Chase Institute \n\n\n\n\n\n\n\n\n\nAna Hernández KentSenior ResearcherInstitute for Economic EquitySt. Louis Fed \n\n\n\n\n\n\n\n\n\n\n\nGenevieve MelfordDirector of Insights and EvidenceAspen Institute Financial Security Program \n\n\n\n\n\n\n\n\n\nWilliam M. Rodgers IIIVice President and DirectorInstitute for Economic EquitySt. Louis Fed \n\n\n\n\n\n\n\n\n\nJoelle ScallySenior Data Strategist and ResearcherCenter for Microeconomic DataNew York Fed \n\n\n\n\n\n\n\n\n\nJenny SchuetzSenior FellowBrookings Metro \n\n\n\n\n\n\n\n\n\n\n\nLisa ServonKevin and Erica Penn Presidential Professor \n\n\n\n\n\n\n\n\n\nMaria ThompsonOutreach ManagerSmall Business Credit Survey Cleveland Fed \n\n\n\n\n\n\n\n\n\nVisit speaker bios > \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nAgenda\n\n\n\n\n\n\n\n\n\n1:00–1:05 pm ET \n\n\n\n\n\nWelcome\n\n\n\nMaria Thompson\, Outreach Manager\, Small Business Credit Survey\, Cleveland Fed \n\n\n\n\n\n\n\n1:05–1:10 pm ET \n\n\n\n\n\nIntroductory remarks\n\n\n\nJim Bullard\, President\, Federal Reserve Bank of St. Louis \n\n\n\n\n\n\n\n1:10–1:15 pm ET \n\n\n\n\n\nOpening remarks\n\n\n\nSara Chaganti\, Deputy Director of Research\, Regional and Community Outreach\, Boston Fed \n\n\n\n\n\n\n\n1:15–1:55 pm ET \n\n\n\n\n\nPanel 1: Trends in household balance sheets\n\n\n\nAna Hernández Kent\, Senior Researcher\, Institute for Economic Equity (IEE)\, St. Louis Fed moderator \n\n\n\nFiona Greig\, Managing Director and Co-President\, JPMorgan Chase Institute   \n\n\n\nJoelle Scally\, Senior Data Strategist and Researcher\, Center for Microeconomic Data\, New York Fed \n\n\n\nXudong An\, Assistant Vice President of Supervision\, Regulation\, and Credit\, Philadelphia Fed \n\n\n\n\n\n\n\n1:55–2:30 pm ET \n\n\n\n\n\nPanel 2: Evidence-based responses\, that promote wealth equity and an inclusive wealth recovery\n\n\n\nRay Boshara\, Senior Advisor\, Institute for Economic Equity\, St. Louis Fed moderator \n\n\n\nGenevieve Melford\, Director of Insights and Evidence\, Aspen Institute Financial Security Program (FSP) \n\n\n\nJenny Schuetz\, Senior Fellow\, Brookings Metro  \n\n\n\nLisa Servon\, Kevin and Erica Penn Presidential Professor  \n\n\n\nJanet Boguslaw\, Senior Scientist\, Heller School and Institute for Economic and Racial Equity \n\n\n\n\n\n\n\n2:30–2:40 pm ET \n\n\n\n\n\nClosing\n\n\n\nPrabal Chakrabarti\, Executive Vice President\, Regional and Community Outreach\, Boston Fed \n\n\n\nWilliam M. Rodgers III\,  Vice President and Director\, Institute for Economic Equity\, St. Louis Fed \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nPresented by\n\n\n\n\n\n\n\nAbout the Seminar Series\n\n\n\nThe Federal Reserve Community Development Research Seminar Series is a forum for exploring the intersection of research\, policy\, and practice in the community development field. The Series expands access to high-quality research that informs stakeholders who are working to support low- and moderate-income communities and communities of color.
URL:https://fedcommunities.org/event/toward-inclusive-recovery-achieving-equitable-inclusive-wealth-recovery/
LOCATION:Virtual Event
CATEGORIES:Federal Reserve Research Seminar Series,Toward an Inclusive Recovery
ATTACH;FMTTYPE=image/jpeg:https://fedcommunities.org/wp-content/uploads/2022/05/2022-cd-seminar-wealth-recovery-1920x1280-1.jpg
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