Brainard Expects More Progress in Achieving Fed’s Targets

The United States Federal Reserve Governor, Lael Brainard, said on Tuesday that there is progress towards achieving the central bank’s maximum employment and 2% inflation targets.

However, Brainard pointed to the challenge of not tightening monetary policy sooner than needed.

“We are seeing welcome progress, and I expect to see further progress in coming months.”

“Remaining steady in our outcomes-based approach during the transitory reopening surge will help ensure the economic momentum that will be needed.”