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- Fed's governor Brainard: Monetary policy will continue to provide support for the economy
Fed's governor Brainard: Monetary policy will continue to provide support for the economy
- U.S. real unemployment rate is closer to 10%, not 6.3%
- While expectations have picked up, inflation remains low
- Economy is still far from employment and inflation goals; it will take some time to achieve substantial further progress
- May see transitory price pressure reflecting imbalance
- Looking for signs labor market healing is broad
- Recovery is playing out unevenly for different groups of workers, sectors and parts of the country, leading to “K-shaped” recovery
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