Fed's Brainard Urges Patience in Raising Rates Amid Global Risk
- Brainard says risks to inflation `tilted to the downside'
- Global cross-currents could weigh more heavily on U.S.
Federal Reserve Governor Lael Brainard.
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Federal Reserve Governor Lael Brainard said the central bank shouldn’t raise interest rates prematurely because foreign risks are clouding the U.S. outlook, taking a more cautious view than some of her colleagues as investors bet the central bank will delay liftoff until 2016.
"Risk management considerations counsel a stance of waiting to see if the risks to the outlook diminish," Brainard Monday in Washington. “Although the outlook for domestic demand is good, global forces are weighing on net exports and inflation, and the risks from abroad appear tilted to the downside.”