Inflation is more painful for the poor, says Brainard

Lael Brainard
Lael Brainard
Federal Reserve

Federal Reserve Board member Lael Brainard told a conference on April 5 that inflation falls much more heavily on the poor. Brainard added that existing indexes may not adequately capture how low-income families spend and so experience inflation.

She quoted former Fed chair Arthur Burns, who said “there can be little doubt that poor people… are the chief sufferers of inflation”. Lower-income households may, because of the composition of their spending, face inflation above the national average

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account