Fed's Board of Governor Lael Brainard: Rising economy risks argue for softer Fed rate path

Commenting on the US economic and monetary policy, Fed's Board of Governor Lael Brainard who's stance in monetary policy is neutral who has previously said that gradual rate hikes are “appropriate in the near term”; will increasingly depend on evolving US outlook, and has highlighted a data dependent approach, has crossed the wires today saying:

• Rising economy risks argue for softer Fed rate path

More to come...

There will be a Q/A session as well.

This will be the last of Fed speakers for the Board of Governor before Fed's Chairman Powell on Friday which wraps-up communications with the public before the blackout period commencing at the end of the week. 

About Lael Brainard 

Lael Brainard took office as a member of the Board of Governors of the Federal Reserve System on June 16, 2014, to fill an unexpired term ending January 31, 2026 took office as a member of the Board of Governors of the Federal Reserve System on June 16, 2014, to fill an unexpired term ending January 31, 2026.