Fed’s Brainard Urges Caution Amid Mixed Data, Global Risks
- Says Friday’s jobs data suggest U.S. labor market has slowed
- Global risks remain that could be transmitted to U.S.
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Federal Reserve Governor Lael Brainard said a “sobering” U.S. employment report suggested the labor market has slowed, as she continued to warn against moving too quickly to raise interest rates.
“In this environment, prudent risk management implies there is a benefit to waiting for additional data to provide confidence that domestic activity has rebounded strongly and reassurance that near-term international events will not derail progress toward our goals,” Brainard said in a on Friday in Washington.