Lael Brainard, Speech: Statement before the Committee on Banking, Housing, and Urban Affairs, U.S. Senate

Only general economic information was covered.

“We are seeing the strongest rebound in growth and decline in unemployment of any recovery in the past five decades. Over the past year, unemployment has fallen by 2.8 percentage points, and growth is estimated to be around 5½ percent, according to a variety of private forecasts.”

“But inflation is too high, and working people around the country are concerned about how far their paychecks will go. Our monetary policy is focused on getting inflation back down to 2 percent while sustaining a recovery that includes everyone. This is our most important task.”