Federal Reserve Vice Chairwoman Lael Brainard said she supported plans to raise interest rates by a half-percentage point at a meeting later this month and again in July and batted down speculation that the central bank would take a break from raising rates after that.
“Right now, it’s very hard to see the case for a pause” in September, said Ms. Brainard in an interview Thursday on CNBC. “We’ve still got a lot of work to do to get inflation down to our 2% target.” Ms. Brainard also said it was premature to conclude that inflation had peaked.
