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Brainard: Bringing Inflation Down
Over the past year, inflation has been very high in the United States and around the world (figure 1). High inflation imposes costs on all households, and especially low-income households. The multiple waves of the pandemic, combined with Russia's war against Ukraine, unleashed a series of supply shocks hitting goods, labor, and commodities that, in combination with strong demand, have contributed to ongoing high inflation. With a series of inflationary supply shocks, it is especially important to guard against the risk that households and businesses could start to expect inflation to remain above 2 percent in the ... (full story)
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*BRAINARD SAYS RISKS WILL BECOME MORE TWO-SIDED `AT SOME POINT’
— zerohedge (@zerohedge) September 7, 2022
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*BRAINARD: FED IN IT FOR `AS LONG AS IT TAKES’ TO CURB INFLATION
— Nour Eldeen Al-Hammoury (@NourHammoury) September 7, 2022
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BRAINARD: MONETARY POLICY WILL NEED TO BE RESTRICTIVE 'FOR SOME TIME'
— *seven (@sevenloI) September 7, 2022
BRAINARD: OUR RESOLVE IS FIRM, GOALS CLEAR, TOOLS 'UP TO THE TASK'
BRAINARD: NEED 'SEVERAL MONTHS OF LOW MONTHLY INFLATION READINGS' TO BE CONFIDENT INFLATION IS MOVING DOWN TO 2%
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BRAINARD: HIGHER POLICY RATE, BALANCE SHEET REDUCTION SHOULD HELP BRING DEMAND INTO ALIGNMENT WITH SUPPLY
— *seven (@sevenloI) September 7, 2022
BRAINARD: ESPECIALLY IMPORTANT TO GUARD AGAINST RISE IN INFLATION EXPECTATIONS
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- Sep 7, 2022 11:40am Posted by
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