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Fed’s Brainard Vows to Fight Inflation for ‘As Long as It Takes'

  • Brainard says risks to become more two-sided ‘at some point’
  • Sees scope for lower retail margins to ease price pressure
Bloomberg business news
Fed Will Fight Inflation for ‘As Long as It Takes,’ Brainard Says
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Federal Reserve Vice Chair Lael Brainard said the US central bank will have to raise interest rates to restrictive levels, while cautioning risks would become more two-sided in the future.

“We are in this for as long as it takes to get inflation down,” Brainard said Wednesday at a conference hosted by The Clearing House and Bank Policy Institute in New York. “Monetary policy will need to be restrictive for some time to provide confidence that inflation is moving down to target.”