Fed’s Brainard: It is Too Early to Call Achieving Targets

The United States Federal Reserve will continue to support the economy on its road to recovery from the Coronavirus pandemic, Member of the Federal Reserve Board of Governors, Lael Brainard said on Wednesday, the Wall Street Journal reported.

“We are strongly committed to achieving our maximum-employment and average inflation goals.”

“It is too early to say how long it will take.”

“The economy is far away from our goals in terms of both employment and inflation, and even under an optimistic outlook, it will take time to achieve substantial further progress.”

“I expect that the current pace of purchases will remain appropriate for quite some time.”