The FOMC Board of Governor member Lael Brainard is speaking at Johns Hopkins University School of Advance International Studies commencement ceremony. She says:
- The Fed is taking a strong actions to reduce inflation
- High inflation is the Fed's most pressing challenge
As a board member, Brainard is a permanent voting member on the FOMC. She was recently confirmed as the Fed Vice Chair.
The full speech can be found here. It is a commencement address. Unless she speaks to the press, there is not much there except life lessons for the graduates from the Fed Vice Chair.