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Brainard: Staying the Course to Bring Inflation Down
Inflation has declined in recent months, which is important for American households, businesses, and consumers. Inflation is high, and it will take time and resolve to get it back down to 2 percent. We are determined to stay the course. Financial conditions have tightened considerably over the last year as the Federal Reserve and foreign central banks have tightened policy. Real yields have risen significantly across the curve over the past year: 2-year yields on Treasury Inflation-Protected Securities (TIPS) have risen more than 4-1/2 percentage points to 2.1 percent, and 10-year TIPS yields have risen more than ... (full story)
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FED'S BRAINARD: FOR A WHILE, POLICY MUST BE SUFFICIENTLY RESTRICTIVE.
— Breaking Market News (@financialjuice) January 19, 2023
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FED'S BRAINARD: IT WILL TAKE TIME AND DETERMINATION TO REDUCE HIGH INFLATION TO THE FED'S 2% TARGET.
— Breaking Market News (@financialjuice) January 19, 2023
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FED'S BRAINARD SAYS WAGES DO NOT APPEAR TO BE DRIVING INFLATION, SEES NO 1970S-STYLE WAGE-PRICE SPIRAL
— Breaking Market News (@breakingmkts) January 19, 2023
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FED'S BRAINARD: THE DRAG OF MONETARY POLICY ON US ECONOMIC GROWTH AND EMPLOYMENT IS LIKELY TO INCREASE IN 2023.
— Breaking Market News (@financialjuice) January 19, 2023