US Inflation at Turning Point According to White House's Brainard: Shift Focus to Jobs
Monday, 16 September 2024, 09:40
US Inflation at a Turning Point
White House's Lael Brainard has signaled that US inflation is at a pivotal moment. Emphasizing that the economy is shifting back to pre-pandemic levels, Brainard noted that the focus should primarily be on job growth.
Preparation for Supply Shocks
- Countries and companies are now better equipped to handle supply disruptions.
- This readiness can mitigate the impacts of future shocks on the economy.
Challenges in Housing Affordability
Despite positive trends, Brainard identified housing affordability as the stickiest piece in the effort to lower inflation. Addressing this issue remains crucial for sustainable economic growth.
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