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Fed Vice Chair Brainard warns against retreating from inflation fight prematurely

Summary by Ground News
Federal Reserve Vice Chair Lael Brainard says U.S. interest rates will likely have to remain high for an extended period. Brainard: International turmoil still threatens to disrupt global supplies of commodities. Last week, the Fed raised its benchmark interest rate by three-quarters of a percentage point for the third straight time.

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Bias Distribution

  • 58% of the sources are Center
58% Center
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IBTimes broke the news in United States on Friday, September 30, 2022.
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