Fed's Brainard Says She May Reassess Path of Policy

The transcript discusses synchronized economic expansions both domestically and internationally, highlighting favorable global risks. Despite weak consumption in the first quarter, a rebound is expected. Financial conditions are supportive, and employment is improving. The federal funds rate is anticipated to move towards a neutral level, aligning with economic projections. However, there is tension between full employment and slowing inflation progress, which may affect future policy decisions.

What tension is mentioned regarding employment and inflation?

What might lead to a reassessment of the expected path of policy in the future?