Lael Brainard: The war has changed the outlook for inflation dramatically

Lael Brainard said war-driven inflation could delay Fed rate cuts, even as policymakers weigh resilient consumer demand against a potential economic slowdown. The commentary points to continued uncertainty around the timing of easing and underscores risks in both directions for rates and growth.

Analysis

Lael Brainard said war-driven inflation could delay Fed rate cuts, even as policymakers weigh resilient consumer demand against a potential economic slowdown. The commentary points to continued uncertainty around the timing of easing and underscores risks in both directions for rates and growth.