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MNI BRIEF: Brainard Says Fed Moving To Bring Inflation Down

The Federal Reserve is moving to bring down elevated inflation even as it strives to maintain the strongest possible job market, Fed Gov. and Vice Chair nominee told Congress Thursday.

“We are taking actions on the monetary policy front that I have confidence will be bringing inflation down while continuing to allow the labor market to return to full strength,” Brainard said.

The Fed has signaled it will likely hike interest rates at least three times this year, and ex-officials tell MNI a nod to a March hike could come as soon as this month's meeting.

MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com
MNI Washington Bureau | +1 202 371 2121 | pedro.dacosta@marketnews.com

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