Federal Reserve officials are weighing in after U.S. annual inflation surged to 8.5 percent in March.
Lael Brainard, a governor at the Federal Reserve, said the central bank is prepared to move “expeditiously” to raise interest rates to bring the benchmark to a neutral level. The objective is to lower inflation to the institution’s 2 percent target range, she said in an interview at a Wall Street Journal jobs summit following the release of the latest consumer price index (CPI).
