Lael Brainard: "Tight Monetary Policy will Continue"

US Federal Reserve (Fed) Vice President Lael Brainard made statements on the agenda. Brainard stated that the Fed will continue to struggle until inflation is under control and will maintain tight monetary policy.

Fed Vice Chair Lael Brainard made a speech titled "Reducing Inflation" at the conference of the Clearing House and Bank Policy Institute and made evaluations on the agenda. Underlining that the Fed's top priority is to combat price pressures, Vice Chair Brainard said, "Monetary policy will need to be restrictive for some time to provide confidence that inflation is coming down to target. The economic environment is highly uncertain and the course of policy will depend on the data." US Federal Reserve (Fed) Vice President Brainard said that July PPI data in the US indicated that inflation is slowing down, but underlined that the Fed needs to see low inflation figures for several months before it can be sure that inflation will fall to 2 percent. Noting that the Fed's policy will increase the risks to economic growth at some point, Brainard added that it may be risky to cut interest rates prematurely before inflation is under control. https://twitter.com/BloombergHT/status/1567582524754247681 Follow Global Economic Developments on Social Media! Click here to follow Ieconomy official Facebook account! Click here to follow Ieconomy official Instagram account! Click here to follow Ieconomy official Twitter account!