Director of the Federal Reserve (irrigated, US central bank) Lyle Brainard said on Wednesday, 12 that the focus should be on easing monetary policy inflation And in an all-inclusive recovery.
In a speech prepared for hearing by the Senate Banking, Housing and Urban Affairs Committee, the official said bringing US inflation below 2% is a “most important task” while maintaining the economy’s recovery. US inflation is very high and people are concerned about “how far will your payments go”.
According to Brainard, the Fed’s priority is to “protect the gains we’ve made and support a full recovery.” According to the leader, “the economy is making welcome progress, but the pandemic is presenting challenges”.
In light of his appointment as vice chairman of the Fed, Brainard said that if confirmed by the Senate, he hopes to support the authority “in promoting transparent communication and accountability for the American people.”
“I will bring a thoughtful and independent voice to our deliberations based on insights from workers, businesses, financial institutions and communities – large and small – across the country.”