Top Fed Official Sees Inflation Decline as Notable Improvement

Top Fed Official Sees Inflation Decline as Notable Improvement



A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over the extent to which the Fed needs to cool off the labor market to bring down inflation.

Fed Vice Chair Lael Brainard‘s remarks Thursday could add to questions over how much further the central bank will need to raise interest rates to be convinced it has done enough to combat inflation that surged to a 40-year high last year.



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Author: Shirley