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Policy Summit 2019: Connecting People & Places to Opportunity


When & Where

Policy Summit 2019: Connecting People & Places to Opportunity
June 19–21, 2019
Hilton Cincinnati Netherland Plaza
Cincinnati, Ohio

Contact

Please direct any questions about the Policy Summit to Bonnie Blankenship at bonnie.s.blankenship@clev.frb.org.


The following 2019 Policy Summit sessions were livestreamed. Please refer to the Agenda and Speaker tabs for presentations and speakers’ bios.


Opening Keynote: Improving Equality of Opportunity: New Insights from Big Data

Children’s chances of earning more than their parents have fallen from 90% to 50% during the past half century in America. Opportunity Insights—a Harvard University-based research and policy institute dedicated to better understanding upward mobility and economic progress—seeks to reverse this trend and revive the American Dream. Director Raj Chetty and policy director David Williams present findings on the drivers of upward mobility in the United States and such drivers’ implications for policy.

Keynote Speakers:
Raj Chetty, Opportunity Insights
David Williams, Opportunity Insights
Introduction:
Anna Alvarez Boyd, Board of Governors of the Federal Reserve System



Closing Keynote: What’s Next
The Fed Listens: A Discussion with Federal Reserve Leadership

For this final session of Policy Summit 2019, Federal Reserve Governor Lael Brainard and Cleveland Fed President Loretta J. Mester participate in a “Fed Listens” event on the intersections between community development and the economy. Attendees share reactions and takeaways from the summit at their tables and have an opportunity to share what's on their minds with Fed policymakers about the economy and the communities they serve.

Speakers:
Lael Brainard, Board of Governors of the Federal Reserve System
Loretta J. Mester, Federal Reserve Bank of Cleveland
Moderator:
Ellis Tallman, Federal Reserve Bank of Cleveland



Plenary 1: What We Know, Part 1
It’s “And” Not “Or”: A Discussion of People- and Place-Based Policies

This plenary discusses the differences between people- and place-based policies and the need for pursuing both in order to enhance individual economic mobility. What does the research say about how the importance of “place” has evolved over time? Have policies kept up? In what contexts are people-based or place-based policies more effective? What can policymakers and practitioners do to improve the likelihood that people, businesses, and communities in both urban and rural locales are set up for long-term success in today’s marketplace?

Speaker:
Alan Berube, Metropolitan Policy Program at the Brookings Institution
Panelists:
Theresa Y. Singleton, Federal Reserve Bank of Philadelphia (Moderator)
Scot Spencer, The Annie E. Casey Foundation
Introduction:
Emily Garr Pacetti, Federal Reserve Bank of Cleveland



Plenary 2: What We Know, Part 2
Understanding the Legacy Costs of Segregation: A Path to Racial Equity

What costs do society, communities, families, and individuals incur from segregation? Are damages irreparable or can they be meaningfully addressed with sustainable policy solutions? How can we as a society communicate more effectively and more often on this topic? This session focuses on racial equity and inclusion in the face of persistent and apparently endemic segregation, currently top of mind for many policymakers. Speakers examine the history, social context, and impacts of segregation and how to address this issue in policy and practice.

Speaker:
Richard Rothstein, Economic Policy Institute
Panelists:
Kendra Freeman, Metropolitan Planning Council (MPC) (Moderator)
Darrick Hamilton, Kirwan Institute for the Study of Race and Ethnicity at the Ohio State University



Plenary 3: What Works
Overcoming Barriers to Inclusive Growth

In this plenary, experts discuss how regions are addressing challenges related to economic restructuring and growth, race, and income inequality; which regions and cities have had success in overcoming barriers; what success looks like; which places have not succeeded and why; and what policy remedies are available for addressing these challenges.

Moderator:
Jennifer S. Vey, Metropolitan Policy Program at the Brookings Institution
Speakers:
Sandy Fernandez, MasterCard Center for Inclusive Growth
Demetria “Dee” Jones, Hope Enterprise Corporation, Hope Credit Union, and Hope Policy Institute
Mary Ellen Wiederwohl, Louisville Forward
Introduction:
Daniel Davis, Federal Reserve Bank of St. Louis


Hosted by the Federal Reserve Bank of Cleveland in partnership with the Federal Reserve Banks of Philadelphia, St. Louis, Minneapolis, and Chicago.