Federal Reserve Vice Chair Lael Brainard said Thursday that it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.
Though she stressed that Fed policymakers will remain data-dependent, Brainard said the most likely path will be that the increases will continue until inflation is tamed.
“Right now, it’s very hard to see the cause for a pause,” she told CNBC’s Sara Eisen during a live “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”
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Fed Vice Chair Lael Brainard said it’s unlikely the central bank will be taking a break from its current rate-hiking cycle anytime soon.