US Fed's Brainard makes case for further policy tightening to cool inflation

Washington [US], January 20 (ANI): Inflation has declined in the US in recent months but it will take time to come down to the two per cent target, said Federal Reserve Vice Chair Lael Brainard, adding that the central bank is determined to stay the course.

In December, consumer inflation in the US moderated to 6.5 per cent from 7.1 per cent the previous month but still is way above the 2 per cent target. In October, it w