Time for a new contract with the middle class

Lauren Hoffmann, 29, a college program manager, and her husband Will Hoffmann spend the day touring wineries with Will's family in Fredericksburg, Texas, U.S., February 16, 2019. Hoffmann's baby boy Micah is just a few weeks old and already she is back at work. She only had five and a half weeks of accrued paid time off from her job. "You're worried about this tiny little new life, you love it so fiercely," she said. "Having more time to feel like you're getting good at this ... I think that could only be a good thing." REUTERS/Callaghan O'Hare  SEARCH "O'HARE PARENTAL" FOR THIS STORY. SEARCH "WIDER IMAGE" FOR ALL STORIES.

Senior Fellows Isabel Sawhill and Richard Reeves discuss their new book that lays out their case for a new contract with the middle class in America. In this short book of policy solutions to improve the well-being of middle class Americans, they focus on five key areas that build a foundation for a good quality of life. Get a free copy of the book, A New Contract with the Middle Class, while supplies last (publishing this fall).

Also, David Wessel, senior fellow and director of the Hutchins Center on Fiscal and Monetary Policy, explains the Federal Reserve’s recent statement in which it revised its long-term goals, including a revision to its approach to inflation.