Fed’s Lael Brainard asked about inflation, climate risk at Senate confirmation hearing for vice chair – The Washington Post

Pulling that off is a heady challenge. For much of 2021, Fed leaders expected inflation would be a temporary feature of the pandemic economy, and they held off on reining in prices so that the labor market could have room to grow. But price increases have seeped into just about every corner of the economy, bolstered by global supply chain backlogs, high consumer demand, worker shortages and an ongoing list of complications triggered by the pandemic era.

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Fed’s Lael Brainard asked about inflation, climate risk at Senate confirmation hearing for vice chair – The Washington Post

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