Brainard cites Delta in dovish speech
Fed governor warns “employment is still a bit short of the mark” for taper
Lael Brainard of the Federal Reserve Board of Governors warned that the Delta variant is slowing the recovery necessary for a tighter monetary policy.
Speaking to the National Association of Business Economics on September 27, Brainard said progress on employment had stalled as the pandemic reasserts itself.
In her speech, Brainard focused on the bumpy progress towards recovering pre-pandemic employment levels. She noted that school closures and Covid-19 infections were impeding many from
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