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Fed's Brainard says she expects pricing pressures to subside over time

Published 05/24/2021, 09:56 AM
Updated 05/24/2021, 10:01 AM
© Reuters. Federal Reserve Board Governor Lael Brainard speaks at the John F. Kennedy School of Government at Harvard University in Cambridge, Massachusetts, U.S., March 1, 2017. REUTERS/Brian Snyder

NEW YORK (Reuters) - The recent inflation spike seen in some areas of the economy should settle down after prices recover from the lows reached at the start of the pandemic and temporary imbalances between supply and demand are addressed, Federal Reserve Board Governor Lael Brainard said on Monday.

"We're in the middle of a pretty unprecedented rebound in the U.S. economy," Brainard said during a virtual discussion organized by CoinDesk. While some prices may increase further over the next several months, Brainard said she expects these pressures associated with supply bottlenecks and the reopening to "subside over time."

Latest comments

1. Prices of everything not only recovered but are above the levels seen before the pandemic 2. Even if prices stop rising further it doesn't solve the problem of them already being too high 3. Prices can be high not only due to bottlenecks and shortages but also weaker currency due to growing trade deficits and fiscal stimulus - causing more money to chase less goods. I am surprised everybody calmly accepts monetizing the debt by the Federal Reserve as well as Goebbels -like propaganda coming out of the government and FED officials. Actually not only US oligarchs but also their counterparts around the world. Disgusting...
We'll see.
Inflation due to printing money for stimmies not because econ is booming. These people r #. In their mind, inflation is only tied to economy, nothing else.
Brainwash! Inflation is gonna be common in future. Brainwashing!
They were given the same talking points because they can't tighten ever
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