Phillip Swagel, Director of the Congressional Budget Office, outlined the agency’s budget and economic analysis during the 2020–2021 coronavirus pandemic and described some of the challenges involved in analyzing current economic policy. His remarks focused on CBO’s analysis of health policy, the macroeconomic effects of the legislative response to the pandemic, and labor market issues arising from the response and recovery. He also discussed the long-term effects of the recovery on economic growth, jobs, wages, productivity, and climate change.
