Fed's Brainard Says Rate-Rise Pace Can Slow Soon

A senior Federal Reserve official said recent inflation data offered some signs of reassurance that price pressures were no longer broadening and that the central bank could soon slow the pace of interest-rate rises.

Fed Vice Chair Lael Brainard said previous rate increases, together with anticipated ones, will slow the economy in ways that can’t be observed yet, speaking during a moderated discussion hosted by Bloomberg on Monday.

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