Fed’s Brainard says she expects pricing pressures to subside over time
9:56 am Monday, May 24th, 2021
NEW YORK (Reuters) – The recent inflation spike seen in some areas of the economy should settle down after prices recover from the lows reached at the start of the pandemic and temporary imbalances between supply and demand are addressed, Federal Reserve Board Governor Lael Brainard said on Monday.
“We’re in the middle of a pretty unprecedented rebound in the U.S. economy,” Brainard said during a virtual discussion organized by CoinDesk. While some prices may increase further over the next several months, Brainard said she expects these pressures associated with supply bottlenecks and the reopening to “subside over time.”
(Reporting by Jonnelle Marte)
