President Joe Biden’s chief economic adviser said that inflation numbers should improve through the second half of the year and that there’s a reasonable chance the pace could get down around 2% by the time of the November 2024 election.
“Through the second half of the year, there’s good reason to expect those numbers to continue to improve — the policies are already in place,” National Economic Council Director Lael Brainard told reporters at an event hosted by Christian Science Monitor in Washington Thursday. “There’s every reason” to think it’s possible that a pace in a range around 2% or slightly above 2% could be hit before the election, she said.
Housing costs, which have proved sticky so far, will also come down considerably, she said.
