Reply To: U.S. Inflation Rocks To 4O Year High as Food and Energy Prices Soar

#35406
Helmholtz Watson
Participant

Fed Brainard:

Tuesday, 12/04/2022 in an interview with the WSJ and says:

Russia’s invasion of Ukraine driving topline inflation, especially energy
Most focused-on core inflation for assessing the path of monetary policy
Welcome to see moderation in core goods inflation
I will be looking to see if we continue to see moderation in inflation in months ahead
Getting inflation down our most important task
Recovery can be sustained even as we bring inflation down
I don’t see Fed tightening policy as not being consistent with bringing inflation down and sustaining recovery
Russia’s invasion is a risk to upside inflation, downside on economic activity
The longer the war persists, the greater the potential the risks to upside on inflation, and downside on growth
Fed is committed to bring inflation back to art 2% goal
We are committed to keeping inflation expectations are anchored