Federal Reserve Vice Chair Lael Brainard sees economic conditions moving in the right direction and sees room for a so-called ‘soft landing’ for the economy after a year of record-high inflation.
Speaking at an event at the University of Chicago’s Booth School of Business on Thursday afternoon, Brainard, the second-ranking member of the Federal Reserve Board of Governors, said inflation has largely subsided in most spending categories aside from housing costs and non-housing services. She also noted that a cooling labor market has led to slower wage growth, but the overall employment picture remains strong.
“It’s possible that a continued moderation in output could facilitate continued easing of the labor market and reduction in inflation without a significant loss of employment,” Brainard said.
Federal Reserve vice chair Lael Brainard said Thursday that the economy is moving in…
