Fed's Brainard: Disappearance of labor-inflation link brings risk

The relationship between inflation and labor, as well as other resource markets, has broken down and could be problematic if the Federal Reserve cannot bring inflation closer to a 2% target, said Fed Governor Lael Brainard. Eventually, Americans could lose faith that inflation will ever meet the target, she said.

Fed's Brainard: Disappearance of labor-inflation link brings risk
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