Federal Reserve Vice Chair Lael Brainard sees economic conditions moving in the right direction and sees room for a so-called ‘soft landing’ for the economy after a year of record-high inflation. Speaking at an event at the University of Chicago’s Booth School of Business on Thursday afternoon, Brainard, the second-ranking member of the Federal Reserve Board of Governors, said inflation has largely subsided in most spending categories aside from housing costs and non-housing services. She also noted that a cooling labor market has led to slower wage growth, but the overall employment picture remains strong.
Source: The Bond Buyer
