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Fed’s Brainard Says Case for September Rate Pause Is ‘Very Hard’

  • Fed vice chair speaks in interview on CNBC television
  • Says Fed has ‘lot of work to do’ to lower inflation to 2% goal
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Fed’s Brainard Says Case for September Pause ‘Very Hard’
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Federal Reserve Vice Chair Lael Brainard said expectations for half-percentage-point increases in interest rates this month and next were reasonable, and saw no case for pausing the central bank’s tightening campaign afterward.

“From where I sit today, market pricing for 50 basis points, potentially in June and July, from the data we have in hand today, seems like a reasonable path,” Brainard said Thursday in an interview with CNBC. “Right now it’s very hard to see the case for a pause. We’ve still got a lot of work to do to get inflation down to our 2% target.”