Fed Vice Chair Lael Brainard said yesterday, “I think it will probably be appropriate soon to move to a slower pace of increases, but I think what’s really important to emphasize is… we have additional work to do.”
“It’s really going to be an exercise on watching the data carefully and trying to assess how much restraint there is and how much additional restraint is going to be necessary, and sustained for how long, and those are the kinds of judgments that lie ahead for us,” she said.
“It makes sense to move to a more deliberate and a more data dependent pace as we continue to make sure that there’s restraint that will bring inflation down over time,” she said.
“As we go forward…risks are going to be two sided if we get into more restrictive or further into restrictive territory,” she said, “so we’ll be balancing those considerations.”
