White House Economic Adviser Lael Brainard Declares Inflation at Turning Point

Brainard emphasizes the need to focus on labor market growth as inflation nears pre-pandemic levels.

Lael Brainard, head of President Biden’s National Economic Council, announced that U.S. inflation is returning to normal levels.
Brainard highlighted the importance of safeguarding recent labor market gains amid this economic shift.
The Federal Reserve is expected to begin reducing its key interest rate soon, a move likely to support economic growth.
Brainard credited specific U.S. policies for the strong economic recovery post-pandemic, despite global inflationary pressures.
She called for continued efforts to address affordability and create more opportunities for working families and the middle class.