Top Biden Economic Adviser: ‘I Anticipate Inflation Will Continue the Remarkable Progress that It’s Made’

EXCERPT:

BRAINARD: "So, what I would do is not over-index on one data point. If you look at the broader picture, that jobs report was actually quite balanced, suggested that we could see balanced expansion because, of course, labor force anticipation ticked up again, and we’ve seen a big expansion in the supply side of the economy. With regard to inflation, we’ve seen it come down by two-thirds and I anticipate we’ll continue to see steady progress on inflation over coming months. But, of course, that’s really important for American consumers, so we’re going to keep our eye on that. But I anticipate inflation will continue the remarkable progress that it’s made."