Fed’s Brainard and Other Central Bankers Affirm Steady Monetary Policy Stance

Federal Reserve Governor Lael Brainard said Tuesday that while the outlook for the U.S. economy is good, the central bank remains far from achieving its job and inflation goals, adding that calls for continued patience with monetary policy.

“The outlook is bright, but risks remain, and we are far from our goals,” Ms. Brainard said at a journalists’ conference. “As the economy reopens fully and the recovery gathers momentum, it will be important to remain patiently focused on achieving the maximum-employment and inflation outcomes…