Brainard

A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises. Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that can’t be observed yet, speaking during a moderated discussion hosted by Bloomberg on Monday. A senior Federal Reserve official said recent inflation…

A senior Federal Reserve official cautioned it would take time for the central bank’s rapid rate rises this year to reduce inflation that has reached 40-year highs. “Monetary policy will be restrictive for some time to ensure that inflation moves back” to the central bank’s 2% target, said Fed Vice Chairwoman Lael Brainard in remarks prepared for delivery Monday. “It will take time for the cumulative effect of tighter monetary policy to work through the economy and to bring inflation down,” she said.…

Fed Vice Chairwoman Lael Brainard said it will take time for policy tightening to take full effect. Photo: Al Drago/Bloomberg News…

Federal Reserve Vice Chairwoman Lael Brainard said she expected it would be appropriate for the central bank to raise interest rates by a half percentage point at its meeting later this month and again in July but said it was too soon to say whether the Fed might slow the pace of rate rises after that.Ms. Brainard said that it was premature to conclude that inflation had peaked and that the next several months of data on price pressures and economic activity would be important in determining…

WASHINGTON—A U.S. central bank digital currency could one day coexist with and even complement so-called stablecoins, Federal Reserve Vice Chairwoman Lael Brainard plans to tell House lawmakers Thursday.“In some future circumstances, CBDC could coexist with and be complementary to stablecoins and commercial bank money by providing a safe central bank liability in the digital financial ecosystem, much like cash currently coexists with commercial bank money,” Ms. Brainard is expected to tell…