More from Brainard: Inflation a significant challenge for all Americans

More from Brainard (Q&A):

• Inflation a significant challenge for all Americans; requires consistent policies focused on that
• Supply indicators are getting better but still more constrained than before the pandemic
• Big improvement in the labor force participation for primate workers, but still see excess retirements among older workers
• Labor supply likely to remain below pre-pandemic level for some time
• Further shocks possible to food and energy prices due to Russia's war against Ukraine
• inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term for in-person services more linked to return of labor
• Fed very aware that it operates in a global economy and financial system
• Most central banks are united in fight against inflation; important to be transparent over policies
• Real important risk that inflation expectations could start to drift higher, which would make the Fed's job harder
• Easing prematurely is a risk, but at some point risks could become more two-sided
• Moving in the data dependent and deliberate ways allows Fed to learn how tightening is influencing inflation and economy
• Fed looking across a full gamut of data in assessing movements of inflation
• declining Fed balance sheet will reinforce its tightening of rates, but also recognize liquidity is fragile in some core markets