The vice-chair of the US central bank has said the Federal Reserve still has “additional work to do” in its fight against inflation, even as she backed slowing the pace of rate future increases.
Speaking on Monday, Lael Brainard said the Fed should “soon” bring its string of supersized interest rate increases to an end, having raised rates by 0.75 percentage points at each of its four previous meetings.
By moving at a pace that is more “deliberate”, she said the Fed would be in a better position to both assess the incoming economic data and adjust the path of rate rises as needed.
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