White House economic adviser Lael Brainard highlighted that inflation in the U.S. is nearing pre-pandemic levels and emphasized the importance of supporting the labor market and growth. She addressed the challenges of housing affordability and discussed the potential impacts of lower mortgage rates and commercial real estate on the economy.

White House National Economic Council Director Lael Brainard said on Thursday that the Federal Reserve’s (Fed) decision on Wednesday to cut rates for the first time in four years sent a "clear signal that inflation has come back down.” Inflation was now at the same level seen in the month before the pandemic began.

A top White House adviser is set to declare Monday that the U.S. economy has reached “an important turning point” in which the inflation surge of the past three years has largely ended. Lael Brainard,