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11/28/2022, 11:43 PM (Source: TeleTrader)
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Fed's Brainard warns of 'more volatile inflation'

Federal Reserve Vice Chair Lael Brainard on Monday said lower supply elasticity becoming "more common" could result in a shift to a period of "more volatile" global inflation than that of the past few decades.

She said the supply "shocks" brought on by the Covid pandemic and the Russia-Ukraine conflict have powered the already rising inflation and led to an extremely quick rebound in demand. Brainard explained that the "experience with the pandemic and the war highlights the challenges for monetary policy in responding to a protracted series of adverse supply shocks."

"Interestingly, inflation is broadly higher throughout much of the global economy," she said.

Baha Breaking News (BBN) / NL