However, interest rates must remain elevated "for some time," Brainard said
U.S. personal consumption expenditures up 0.1% in November from October
Central bank will either “break inflation” or “break the economy''
The monthly increase in consumer prices is the smallest since November 2021
James Bullard is a voting member of the Federal Reserve's rate-setting committee
Three ways to take action for clients in challenging times
Meeting minutes reveal concern about U.S. economy's vulnerabilities
Federal Reserve chair suggests tighter monetary policy won't reflect the 1980s
Unemployment rose to 3.7%, from 3.5% in July
Powell's message may disappoint investors who were hoping for a signal that the Fed might soon moderate its rate increases