Fed’s Brainard sees balance sheet reduction soon and ‘at a rapid pace’
Brainard said policy tightening will include a speedy reduction in the balance sheet and a steady pace of interest rate increases.
The central bank chief asserted that he will seek to balance fighting inflation with supporting the labor market.
The personal consumption expenditures price index was expected to increase 0.1% in August and 2.3% from a year ago.
It was the first major Western central bank to reduce interest rates back in March.
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