Lael Brainard, White House National Economic Advisor, stated that the U.S. economy is nearing a crucial turning point as inflation approaches pre-pandemic levels.

Lael Brainard, White House National Economic Advisor, announced that the U.S. economy is reaching a crucial turning point as inflation approaches pre-pandemic levels. She emphasized the need to protect job gains and ensure continued economic growth, especially in housing. With the Federal Reserve poised to cut interest rates, Brainard highlighted the administration's commitment to supporting workers while respecting the Fed's independence in managing inflation.