In the nomination hearing for Fed Vice Chair position, Lael Brainard said, “we are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades.”
“But inflation is too high, and working people around the country are concerned about how far their paychecks will go,” she added. “Our monetary policy is focused on getting inflation back down to 2% while sustaining a recovery that includes everyone. This is our most important task.”
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