Brainard (FED): moderation of core asset inflation is welcome

Fed Evans half point rate hike likely as early as

(Finance) – Since i core asset prices were responsible for nearly half of the rise in US inflation over the past year, “it is very welcome to see moderation in this categoryand I’ll try to see if we continue to see some moderation in the months to come. ”He said so Lael Brainarda member of the Federal Reserve Board of Governors, in an interview with the Wall Street Journal following the release of US inflation data in March.

The US economist pointed out that there has been some upward pressure in basic service prices and air fares, but there has been some moderation in rents. “I wouldn’t catch many signals in a single monthbut I will be watching closely for a continuation of this type of pattern, with moderating inflation and a falling number of categories that will see outsized price increases in the coming months, ”he added.

In any case, “inflation is too high and lowering inflation will be our most important task, “concluded Brainard.

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