However, interest rates must remain elevated "for some time," Brainard said
Indebted consumers, slower economic growth, potential for recession are key factors in play
Mester's comments are notable because she is among the more consistently hawkish members
The annual inflation rate slowed last month to 6.3%
Vincent will be a member of the governing council but will not hold other responsibilities
Businesses and consumers expect inflation to remain elevated in the short term and ease within five years
Stronger core inflation expected to drive higher rates in euro area
The "holy grail" of a soft landing is back in play
As inflation eases, optimism rises
Central banks must contend with hot labour market but avoid overtightening