Blog: Lael Brainard Says Inflation Is ‘Too High.’ She’s Open to a Rate Hike in March. – Barron’s

Cutting down inflation will be the Federal Reserve’s most important task for the foreseeable future, Fed Gov. Lael Brainard said at her confirmation hearing before the Senate Banking Committee on Thursday.

“Inflation is too high, and working people around the country are concerned about how far their paychecks will go,” Brainard said in her opening remarks. “Our monetary policy is focused on getting inflation back down to 2% while sustaining a recovery that includes everyone.”

Inflation…

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