Fed’s Brainard: Successive supply shocks a challenge for central banks

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“The successive shocks to global supply chains from the pandemic and the war in Ukraine could ‘herald a shift’ to an era of more volatile inflation and force central banks to guard against it with tighter monetary policy,” Fed vice chair Lael Brainard said in remarks released on Monday by the U.S. central bank, reported Reuters.

Hawkish Fedspeak has recently helped the EUR/USD bears and so did the comments from Fed’s Brainard. That said, the major currency pair remains pressured near 1.0340 by the press time.

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