Fed Gov Brainard (FOMC voter, dove): core inflation has been stubbornly low over last 2 years; inflation is very important for Fed policy - CNBC interview
- very focused on inflation and would like to see pattern of higher data points, not just single data points; Jan inflation data was better but was only a single data point
- reiterates there is a risk of inflation slipping lower
- have been good signs in the US, including consumer spending; there are some headwinds, particularly from overseas