- Fed's governor Brainard: Fed has tools to guide inflation back to the downside if price pressures move persistently above our goals
Market news
24 May 2021
Fed's governor Brainard: Fed has tools to guide inflation back to the downside if price pressures move persistently above our goals
- Says U.S. is in the middle of unprecedented rebound in the economy
- Expects some higher inflation readings in near term because of basic facts
- Prices are rebounding from pandemic lows and some price increases are linked to a surge in demand
- Relief payments and other assistance are affecting spending
- Some bottlenecks and supply chains are contributing to inflation
- Expects price pressures from bottlenecks and reopening to subside over time
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