Brookings scholars Isabel Sawhill and Richard Reeves discuss their new book--publishing this fall--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.

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.

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