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Sept 16 - Top White House economic adviser Lael Brainard on Monday declared that the U.S. economy had turned the corner in bringing down inflation and it was now time to focus on safeguarding recent progress in the labor market.
"Today, we are at an important turning point. Inflation is coming back down close to normal levels, and it is important to safeguard the important labor market progress we have made," Brainard said in remarks prepared for delivery. But she said President Joe Biden has emphasized the independence of the U.S. central bank, drawing a contrast with Republican presidential candidate Donald Trump's frequent criticism of Fed monetary policy decisions during his presidency.
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