Federal Fiscal Policy
Why did the budget deficit grow so much in FY 2023? And what does this imply about the future debt trajectory?
Each year the Federal Reserve Board releases its annual Survey of Household Economics and Decision-making. This year’s report includes supplemental questions fielded just as the coronavirus took hold. Their results show that from the start of March through early April, 19 percent of adults reported losing a job, being furloughed, or having their hours reduced. Many of these adults are struggling to pay their bills.
On June 16, the Future of the Middle Class Initiative discussed the results of this survey and its implications on financial security and household stability in this troubling time. Jeff Larrimore of the Federal Reserve Board provided an in-depth look at the results, followed by a panel conversation where he was joined by Brookings scholars Jenny Schuetz, Camille Busette, and Richard Reeves.
Viewers can submit questions by emailing events@brookings.edu or via Twitter with #EconomicSecurity.
Agenda
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June 16
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Welcome
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Presentation
Jeff Larrimore Chief - Consumer and Community Research Section, Board of Governors of the Federal Reserve System -
Panel discussion
Moderator
Panelist
Jeff Larrimore Chief - Consumer and Community Research Section, Board of Governors of the Federal Reserve System
Camille Busette Interim Vice President and Director - Governance Studies, Director - Race, Prosperity, and Inclusion Initiative @CamilleBusette
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