Fed Vice Chair Brainard says Slower Pace of Rate Increases Probably Soon

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  • #47638
    Helmholtz Watson
    Participant

    Federal Reserve Vice Chair Lael Brainard during a Bloomberg event in Washington, said it makes sense for the Fed to move to a “deliberate, data depend
    [See the full post at: Fed Vice Chair Brainard says Slower Pace of Rate Increases Probably Soon]

    #48007
    TradersCom
    Keymaster

    Cleveland Fed President Mester (FOMC voter) said in a CNBC interview that the Fed is “Not anywhere near to stopping rate hikes though”

    “I do think we need to get into restrictive territory. Right now we are barely there”
    Makes sense to slow down a bit the pace of rate hikes
    Can it now be very deliberate in setting policy
    Need to be more judicious and bouncing risks
    Not anywhere near to stopping rate hikes though
    We’ve had some good news on inflation
    need more good news on inflation and sustained good news
    Very grateful we are seeing some encouraging signs on inflation
    Question is how do we calibrate policy to get back to 2% inflation goal
    Getting back to 2% will take some time
    Rate path will depend on the economy
    We are moving into a different cadence on the policy, letting data guide us
    I will be listening to my contacts, as their feedback is more forward-looking
    I think we can slow down from 75 at December meeting
    But we need to let economy tell us going forward the pace of hikes after that
    if we don’t see meaningful progress on inflation next year, we will need to react
    Journey back to 2% will have some pain involved
    Very much monitoring balance sheet runoff impact on financial market functioning
    Does not have a recession in her forecast

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