Federal Reserve Vice Chair Lael Brainard said the recent decline in inflation was an important development that could raise questions over the extent to which the central bank needs to cool off the labor market to bring down inflation
Vice Chair Lael Brainard sees little basis for 1970s-style wage-price spiral that sustains high inflation
Federal Reserve Chair Jerome Powell in mid-December announced an interest-rate increase of 0.5 percentage point and said the Fed expects that more rises will be appropriate.
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