The American Rescue Plan – Biden’s New Deal?

Speakers

• Jason Furman, Aetna Professor of the Practice of Economic Policy, Harvard University; former Chairman of the Council of Economic Advisers (2013–2017)
• Jakob Kirkegaard, Senior Fellow, The German Marshall Fund of the United States

Moderator

• Sudha David-Wilp, Deputy Director Berlin Office and Senior Transatlantic Fellow, The German Marshall Fund of the United States

To counter the effects of the coronavirus pandemic, the Biden administration has passed an economic stimulus package, the American Rescue Plan, that is unprecedented in size and scope. At a size of $1.9 trillion, it aims to offer economic relief to the majority of Americans and to provide financial support for the expansion and acceleration of vaccination efforts. Because of its enormous sum, the package is meeting resistance and questions about its effectiveness as well as its possible impact on inflation.

Jason Furman, in conversation with Jacob Kirkegaard, will assess how the relief package will impact the U.S. economy and discuss how governments can promote economic recovery and prosperity in a post-pandemic world.

If you have any questions, please contact Corinna Blutguth at [email protected].