Fed Vice Chair Brainard: No.1 challenge is getting inflation down, expect some cooling of the economy

Vice Chairwoman of the US Federal Reserve Lael Brainard said on Thursday that the Fed is seeing mixed signals on the economy, but the number one priority remains getting inflation down, reported Reuters citing an interview on CNBC. Brainard added that she does expect to see some cooling of the economy over time, and that she does expect to see some moderation and a better balance in the labour market.