Brainard Q&A: US in the middle of an unprecedented rebound in the US economy

Feds Brainard in answering questions at a cyber conference

• US in the middle of an unprecedented rebound in the economy
• Expecting some higher inflation readings in the near term because of basic facts
• Prices are rebounding from pandemic lows
• Price increases are linked to a surge in demand
• Relief payments and other assistance are affecting spending.
• Some bottlenecks and supply chains are contributing to inflation
• Expects price pressures from bottlenecks and reopening to subside over time
• Fed has the tools to guide inflation back to the downside if price pressures move persistently above our goals