July 12, 2022 1:00 – 2:30 p.m. CT/2:00 – 3:30 p.m. ET
Exploring the Racial Wealth Gap: The Contributions of Redlining and Blockbusting
Join us for the Economic Mobility Project’s virtual event, Exploring the Racial Wealth Gap: The Contributions of Redlining and Blockbusting, on Tuesday, July 12, 2022, from 1:00 pm to 2:30 pm CT (2:00 pm to 3:30 pm ET), when we will explore the disparate impacts of redlining and blockbusting on the current state of racial wealth inequality.
Black people in the United States have, on average, lower earnings, higher unemployment rates, lower rates of homeownership, and less access to traditional banking services—all factors that contribute to economic disparities between their households and White households. Racially discriminatory housing practices, including redlining and blockbusting, contributed to unequal homeownership rates between Black and White Americans in the twentieth century, with the effects still being felt today. Considering the importance of homeownership in building wealth, we will illustrate how these practices have contributed to the racial wealth gap.
- Overview of the Racial Wealth Gap and Contributing Factors
Kristen Broady, senior economist, economic advisor and Director of the Economic Mobility Project, Chicago Fed
- The Effects of Redlining Maps on the Long-Run Trajectories of Neighborhoods
Daniel Aaronson, Senior Vice President and Associate Director of Research, Chicago Fed
- Blockbusting and the Challenges Faced by Black Families in Building Wealth Through Housing in
the Postwar United States
Daniel Hartley, Senior Economist, Chicago Fed
- Panel Discussion: Factors Contributing to the Racial Wealth Gap
Moderator: Natalie Y. Moore, Journalist
Andre M. Perry, Senior Fellow at Brookings Metro and scholar-in-residence at American University.
April 7, 2022 1:00 – 2:30 p.m. CT/2:00 – 3:30 p.m. ET
What Is Inclusive Full Employment?
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?
Join us for the Economic Mobility Project’s inaugural virtual event, where we will explore what a truly inclusive form of full employment would look like and what the Fed can do to help achieve it.
- A presentation providing an overview of intergenerational economic mobility, given by Bhashkar Mazumder, senior economist and economic advisor, Chicago Fed
- A panel discussion on what inclusive full employment means, featuring William Spriggs, professor of economics, Howard University, and chief economist, AFL-CIO, Wendy Edelberg, director of the Hamilton Project, Brookings Institution and Michael Strain, Director of Economic Policy Studies, American Enterprise Institute
- A 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
- Check back for additional speakers