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”
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”
“One area that the Federal Reserve is monitoring is the extreme volatility evidenced by some cryptocurrencies,” Federal Reserve Governor Lael Brainard said speaking at New York University’s Stern School of Business.