NEC Dir. Brainard: This Is Really Encouraging Jobs Report and Inflation Is Down ‘Dramatically’

EXCERPT:

BRAINARD: "Yeah, I think this is a really very encouraging report. It suggests that the U.S. economy can continue expanding with the labor market in a really balanced way. We’ve now surpassed the 15 million new job milestone since President Biden has taken office, and we’re doing it with unemployment down below 4% for over two years, inflation having come down dramatically over that time. And as you said, the labor supply has expanded, labor force participation is really strong, up relative to pre-pandemic. Those are all really good outcomes for American workers, the American economy."