ICYMI: Brainard said inflation could reach the range of around 2% before 2024 election

<p>Lael Brainard is the Director of the National Economic Council and thus US President Biden's chief economic adviser. She was vice-Chair of the Federal Reserve System prior to this White House job. </p><p>Brainard spoke on Thursday:</p><ul><li> inflation has fallen for 11 months in a row</li><li>housing prices (these had stayed persistently high) look set to come down "considerably" in H2 2023</li><li>"There's every reason to think" that inflation could reach the range of around 2% or slightly above 2% could be hit before the election</li></ul><p>Brainard also played won the risk of a US recession, pointing to the resilience of the US economy. Maybe she's right:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-the-strong-us-data-continues-20230629/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap: The strong US data continues</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.