ICYMI: Brainard said inflation could reach the range of around 2% before 2024 election

Lael Brainard is the Director of the National Economic Council and thus US President Biden’s chief economic adviser. She was vice-Chair of the Federal Reserve System prior to this White House job.

Brainard spoke on Thursday:

  • inflation has fallen for 11 months in a row
  • housing prices (these had stayed persistently high) look set to come down “considerably” in H2 2023
  • “There’s every reason to think” that inflation could reach the range of around 2% or slightly above 2% could be hit before the election

Brainard also played won the risk of a US recession, pointing to the resilience of the US economy. Maybe she’s right:

This article was written by Eamonn Sheridan at www.forexlive.com. Source