Economics
Brainard Says It’s Appropriate to Start Series of Fed Hikes in March
- Sees balance sheet runoff commencing in ‘next few meetings’
- Fed governor says markets aligned with policy outlook
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Federal Reserve Governor Lael Brainard said the U.S. central bank is ready to raise interest rates next month and begin shrinking its balance sheet in coming meetings.
“Given we have seen quite strong data, I do anticipate it will be appropriate at our next meeting to initiate a series of rate increases,” Brainard said Friday during a panel discussion at a conference in New York hosted by the University of Chicago Booth School of Business.