US Inflation Poised for Steady Drop, White House’s Brainard Says
- Anxiety about economy has been a drag on Biden’s campaign
- Brainard downplays risks of Fed’s last-mile push to 2% target
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Recent economic data have widened the runway for a so-called soft landing, with growing indications that inflation will continue to fall, White House National Economic Adviser Lael Brainard said.
Easing supply-chain pressures, a robust job market, strong productivity and various lag effects in data together show the fight against inflation is nearing its end, Brainard, the former vice chair of the Federal Reserve, said Friday in a call with reporters.