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WASHINGTON: US inflation is “too high” and the Federal Reserve will make the issue a priority, Lael Brainard, the nominee to take the number-two position at the central bank, said Wednesday.
The Fed’s “most important task” is to focus on “getting inflation back down to two percent while sustaining a recovery that includes everyone,” Brainard said in remarks prepared for delivery at her nomination hearing before the Senate Banking Committee on Thursday.
The Fed’s “most important task” is to focus on “getting inflation back down to two percent while sustaining a recovery that includes everyone,” Brainard said in remarks prepared for delivery at her nomination hearing before the Senate Banking Committee on Thursday.
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