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

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 dependent pace” of rate hikes. Over the weekend Fed Governor Christopher Waller’s said policymakers had “a ways to go” before ending interest-rate hikes. The markets got a small from what she said. The Fed has been in the midst of its most aggressive tightening campaign since the 1980s. Last Thursday a softening in US CPI … Continue reading “Fed Vice Chair Brainard says Slower Pace of Rate Increases Probably Soon”

Fed Vice Chair Brainard Talks on Bringing Inflation Down

Federal Reserve Vice Chair Lael Brainard gave a speech in New York titled “Bringing Inflation Down”. The markets got a small boost Wednesday when she said, “At some point in the tightening cycle risks will become more two-sided. She added you need ‘several months of low monthly inflation readings’ to be confident inflation is moving down to 2%. Nothing new but algorithms picked up a positive tone in a Hawkish platform. Highlights from Brainard Speech At the Clearing House and … Continue reading “Fed Vice Chair Brainard Talks on Bringing Inflation Down”