Fed Vice Chair Brainard warns against retreating from inflation fight prematurely
U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, U.S., November 22, 2021. Kevin Lamarque | Reuters Federal Reserve Vice Chair Lael Brainard on Friday stressed the need to tackle inflation and the importance of not shrinking from the task until it is finished. "Monetary policy will need to be restrictive for some time to have confidence that inflation is moving back to target," the central bank official said in remarks prepared for a speech in New York. "For these reasons, we are committed to avoiding pulling back prematurely." related investing news Credit Suisse issues dire global economic outlook: 'Worst is yet to come' Jeff Cox a day ago The remarks came a little more than a week after the Fed enacted its fifth interest rate increase of the year, pus...