Nat. Economic Dir Brainard: Inflation has decreased faster than more optimistic forecasts.

<p>Here are the key points on key topics from White House National Economic Council Director Brainard:</p><p>Focus on Red Sea Attacks</p><ul><li>The Biden administration is very focused on the attacks in the Red Sea due to the importance of shipping lanes.</li></ul><p>Suez Canal Shipping</p><ul><li>Brainard does not expect a significant impact on holiday shopping products from potential diversions of vessels from the Suez Canal to the Cape of Good Hope.</li></ul><p>Monitoring Red Sea Situation</p><ul><li>The situation in the Red Sea is being closely monitored, with discussions ongoing with ocean shippers, industry, and regional countries to ensure freedom of navigation.</li></ul><p>U.S. Economy and Job Market Resilience</p><ul><li>Brainard acknowledges the resilience of the U.S. economy, consumers, and job market, while also recognizing existing risks.</li></ul><p>U.S. Economic Resilience</p><ul><li>There are many reasons to believe in the resilience of the U.S. economy.</li></ul><p>Wealth and Wages Development</p><ul><li>Notable developments in wealth and wages for American families, though healthcare affordability remains a significant challenge.</li></ul><p>Inflation and Economic Growth</p><ul><li>Brainard sees a greater reason to believe the U.S. economy can return inflation to pre-pandemic levels while maintaining solid growth.</li></ul><p>Inflation Trends</p><ul><li>Inflation has decreased faster than some of the more optimistic forecasts.</li></ul><p>Review of Steel Industry Deal</p><ul><li>The impact of the Nippon-U.S. steel deal on the resilience of supply chains will be reviewed, given the steel industry's importance for national security.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.