Lael Brainard, Interview: WSJ Live Streamed

“So as we continue to move forward on our plan to move the financial conditions to more neutral levels using both our policy rate and balance sheet tools, I’d expect to see labor demand coming down. And that should take place in large measure through reduction in the current very elevated level of vacancy. So I think there’s plenty of room for businesses to reduce the number of job openings. And so I don’t see that as we go forward on this path of moving monetary policy to a more neutral level. I really see that as being consistent with both bringing inflation down and sustaining the recovery.”