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An average middle-income family with two children spends about $310,605 to raise a child, according to recent data compiled by the Brookings Institution.

A middle-income family with two children could expect to spend more than $310,000, adjusted for higher future inflation, to raise one child born in 2015 through age 17, according to a 2022 analysis from the Brookings Institution.

Donald Kohn, a senior fellow at the Brookings Institution and the former vice chair of the Federal Reserve, said the shift in tone appeared intended to calm financial markets but he did not think it marked the end of a fight over the Fed, an institution considered vital to the health of the world's largest economy.

Elaine Kamark from the Brookings Institution said government spending could be streamlined, highlighting her own work for President Bill Clinton in the 1990s.

Aaron Klein, a senior fellow in economic studies at the Brookings Institution, said it would be a challenge for technology firms — or any business — to respond coherently to a policy that he called “nonsensical.”