Feds Brainard speaking on the economy
- shortfalls from maximum employment are key policy guide
- US jobless rate is currently closer to 10%
- economy is far from job, price goals: will take time
- May see transitory price pressure reflecting imbalance
- looking for signs labor market healing is broad
- inflation remains very low. Expectations picked up
Brainard reiterates views of the Fed chair on inflation and employment
