Fed's Brainard: Taming Inflation May Not Cause Big Job Cuts
Fed Vice Chair Brainard said high US inflation easing suggested that Fed's rate hikes could slow price acceleration w/out significant job losses.
Fed Vice Chair Brainard said high US inflation easing suggested that Fed's rate hikes could slow price acceleration w/out significant job losses.
Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere.
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Inflation, which had slowed down slightly in the last two months, is running at risk of going back in January.
While overall inflation has dropped, Fed policymakers said it will take time for rising interest rates to get the price of rental units under control.