The latest research on challenges faced by low- and moderate-income families when moving into the middle class, as well as threats to the economic security of middle-class households, will be featured at the Federal Reserve’s conference next week on community development.
According to the Fed, research presented at the conference — “Renewing the Promise of the Middle Class” — will focus on three areas: emerging labor market and education trends reshaping pathways to the middle class; financial security and wealth building as key building blocks of a middle class lifestyle; and, the role of local communities in economic mobility and security for the middle class. The Fed said research from multiple disciplines will be presented to policymakers and community practitioners.
The two-day program, May 9-10 (Thursday and Friday), held in Washington, also includes brief opening remarks from Board Chairman Jerome H. (“Jay”) Powell. Fed Gov. Lael Brainard and Federal Reserve Bank of Chicago President Charles Evans will also speak. A keynote address and conversation with Juan Salgado, the chancellor of City Colleges of Chicago, closes the conference.
Keynote speeches and plenary sessions will be livestreamed via the web, the Fed said.