Published 2 years ago

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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Reuters

Fed united on inflation front as Brainard rejects early rate cuts

The Federal Reserve's No. 2 official on Friday added her full endorsement of the U.S. central bank's higher-for-longer game plan for interest rates to curb inflation that new data shows is still running at more than three times policymakers' 2% target.

2 years ago·United Kingdom

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Associated Press News

Brainard warns US rates to stay high, notes global impact

Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials.

2 years ago·United States

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abc News

Brainard warns US rates to stay high, notes global impact

2 years ago·United States

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The Washington Post

Brainard warns US rates to stay high, notes global impact

2 years ago

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KIFI

Brainard warns US rates to stay high, notes global impact - Local News 8

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Vice Chair Lael Brainard said Friday that U.S. interest rates will likely have to remain high for an extended period to combat inflation, capping a week of tough rhetoric by Fed officials. In remarks at a conference hosted by the Federal Reserve Bank of

2 years ago·Idaho Falls, United States

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