Fed’s Brainard: Successive supply shocks a challenge for central banks – by anilpanchal7 Fed EURUSD CentralBanks RiskAppetite NewsTrading
vice chair Lael Brainard said in remarks released on Monday by the U.S. central bank, reported Reuters.The experience with the pandemic and the war highlights the challenges for monetary policy in responding to a protracted series of adverse supply shocks.
A protracted series of adverse supply shocks could persistently weigh on potential output or could risk pushing inflation expectations above target in ways that call for monetary policy to tighten for risk-management reasons. But the sequence of such shocks faced in the last two years, with one handing the baton to the other, ‘blurred the lines about what constitutes a temporary shock as opposed to a persistent shock to potential output.’
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