Economics
Brainard Urges Patience at Fed as Fischer Sees Inflation Signs
- Brainard cites downside risks and calls for prudent hikes
- Fischer says low unemployment may finally stir inflation
Barclays' Michael Gapen on Fed Rate Hikes
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Federal Reserve Governor Lael Brainard the U.S. economy isn’t immune to global risks and called for careful adjustments to the policy rate to preserve the expansion.
The speech, to the Institute of International Bankers annual conference in Washington, was one of the most detailed arguments to date by a Fed official on downside risks to the outlook despite several economic reports showing continued underlying strength in hiring and consumption.