Lael Brainard

"The main story of all the naysayers was that you couldn't get core inflation to come down without a big increase in job destruction. That is not what we've seen," Brainard said

The dollar index rose 0.3%, with the euro down 0.46% to $1.092

Some of the factors fueling current strong growth, including fiscal spending and the rush by households to take advantage of a broader economic reopening, are likely to fade over time, Brainard noted

Lael Brainard, Fed governor, has pressed the case that low rates are important for domestic economic growth and for global stability