Central Banks

Fed’s Brainard says downside risks and soft inflation argue for easing monetary policy

Lael Brainard is on the Fed’s Board of Governors 

Headlines from remarks prepared for delivery to the
Community Bankers Roundtable in Scranton, Pennsylvania:

  • says downside risks, soft inflation argue for easing monetary policy
  • says judgment on appropriate path of rates will depend on evolution of data, risks
  • says economy is growing solidly
  • says financial markets supportive of growth
  • says capital spending is lackluster, business sentiment soft
  • business sentiment, investment are sensitive to trade, global outlook uncertainty
  • says downside risks, if they materialize, could weigh on economic activity
  • says she’s mindful that financial imbalances are growing, should address with countercyclical capital buffers, stress tests, monitoring of leveraged lending

The Fed rate cut call bandwagon rolls on. 


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