The Secret to Combat Income Inequality without Raising Taxes: Real Time Payments

February 26, 2019 • 12:30 PM • Law School 3043

Most of us rarely think about how we pay for goods and services. For millions of working families, America's slow and antiquated payment system costs billions through check cashers, pay day lenders, and bank overdraft fees. America's payment system is among the slowest in the world for major economies. Recognizing the need to improve, the Federal Reserve (Fed) recently requested thoughts on how to upgrade America's payment system to operate in real time. Please join us as we hear from Aaron Klein on how the payment system contributes to income inequality and what to do about it. Klein is a fellow in Economic Studies and policy director of the Center on Regulation and Markets at the Brookings Institution. He focuses on financial regulation and technology, macroeconomics, and infrastructure finance and policy. Lunch to be provided. Sponsored by the Global Financial Markets Center. For more information, please contact Lee Reiners at