The United States' price situation is a "significant turning point," with a focus on employment = NEC chairman

September 17, 2024, 5:08 AM GMT+91 (excerpt)

On the 16th, NEC Chairman Brainard stated that the inflation situation in the United States has reached a "significant turning point" and that it is necessary to focus on maintaining the progress of the labor market.
At an event hosted by the Council on Foreign Relations in New York, Mr. Brainard pointed out that inflation in the United States is returning to normal levels in the absence of significant job losses or growth slowdowns. He stated, "Today, we are reaching a significant turning point. Inflation is returning to levels close to normal. It is important to protect the progress that has been made in the labor market.