Former Federal Reserve Vice Chair Brainard: Supports Hawkish Rate Cuts to Address Inflation
ChainCatcher news, according to Golden Ten Data, former Federal Reserve Vice Chair Lael Brainard stated in an interview that if she were to attend the upcoming FOMC meeting, she might opt for a hawkish rate cut.
She pointed out that in the absence of official data, employment data from non-governmental sources would be referenced. Brainard is inclined to cut rates one more time and has pledged to bring inflation down to 2% within the next two years. She emphasized that for Americans, the primary concerns are inflation and prices.
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