Brainard to Say Inflation Too High in Senate Testimony

The transcript discusses Lael Brainard's upcoming testimony before Congress, focusing on her role as vice chair of the Federal Reserve and her emphasis on tackling high inflation. The discussion highlights the importance of monetary policy in controlling inflation and ensuring economic recovery. Olivia Rockman provides additional insights, noting the Fed's commitment to balancing inflation with employment. The transcript also covers key points from recent testimonies by Fed Chair Jerome Powell and expectations for Brainard's hearing, including potential questions on inflation, climate change, and employment.

What is the significance of the CPI reading mentioned in the text?

What challenges might Lael Brainard face during her confirmation hearing?