Fed Board of Governors member and incoming Vice Chairman of the FOMC Lael Brainard said on Monday in a speech alongside US President Joe Biden and Fed Chair Jerome Powell that she is committed to getting inflation down at a time when people are worried about how far their paychecks will go. I look forward to working with Powell to build a durable recovery, Brainard added, saying that, by working together, we will see a strong recovery for all Americans. 

Market Reaction

There hasn't been any market reaction to Brainard's comments, though it is notable how much emphasis Brainard placed on bringing down inflation versus boosting employment. Perhaps when she next speak properly on policy and the economy she will sound more hawkish.