[ad_1]
- More from Fed Vice Chair Brainard during Q&A session
More from Brainard (Q&A):
- inflation a significant challenge for all Americans; requires consistent policies focused on that
- supply indicators are getting better but still more constrained than before the pandemic
- big improvement in the labor force participation for primate workers, but still see excess retirements among older workers
- labor supply likely to remain below pre-pandemic level for some time
- further shocks possible to food and energy prices due to Russia’s war against Ukraine
- inflation for in-person services more linked to return of labor
- Fed very aware that it operates in a global economy and financial system
- most central banks are united in fight against inflation; important to be transparent over policies
- real important risk that inflation expectations could start to drift higher, which would make the Fed’s job harder
- easing prematurely is a risk, but at some point risks could become more two-sided
- moving in the data dependent and deliberate ways allows Fed to learn how tightening is influencing inflation and economy
[ad_2]
Source link