- Analytics
- News and Tools
- Market News
- Fed’s Brainard: Inflation control is Fed's most important task
Fed’s Brainard: Inflation control is Fed's most important task
Fed Board of Governors’ member and incoming Vice Chairman of the FOMC Lael Brainard recently crossed wires, via Reuters, while saying, “Returning inflation to the 2% target is the ‘most important task’ facing the US central bank.” The FOMC member said in remarks prepared for delivery on Thursday to a Senate panel considering her for promotion to the vice-chair position, per Reuters.
Key quotes
Our monetary policy is focused on getting inflation back down while sustaining recovery that includes everyone.
Economy is making 'welcome progress,' pandemic continues to pose challenges.
Our priority is to protect gains we've made, support full recovery.
Committed to pursuing fed's two goals of price stability, maximum employment.
Committed to independent, nonpartisan status of Fed.
Will support policies that are in the interests of the American people.
FX reaction
Following the news, AUD/USD prices pause near the two-month high around 0.7290 after rising the most since late November 2021.
Read: AUD/USD battles 100-DMA on the way to 0.7300 amid broad USD weakness
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
