Lael Brainard, former Federal Reserve vice chair, discussed persistent housing costs and advocated for building three million new housing units at a Detroit event.

Lael Brainard, former Federal Reserve vice chair, addressed inflation and economic challenges at a Detroit event. While inflation has decreased from its 40-year highs, she noted persistent housing costs and advocated for building three million new housing units. The Fed's recent half-point interest rate cut reflects confidence in controlling inflation, which is nearing the 2% target. However, public sentiment remains skeptical despite rising incomes outpacing prices.