Our job is to support the expansion



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Feds Lael Brainard Talks with Yahoo Finance

Fed Lael Brainard.
  • Trade is a downside risk for the US economy
  • We will be ready to adapt our policy to support growth
  • Our job is to support the expansion
  • The international economy is a delicate place
  • The US economy is currently experiencing a very long expansion, with confident consumers
  • There is no single number for full employment
  • Watch the pay close, but no signal of a month
  • The economy is about bringing people back to the job market.
  • Interest rates are likely to be lower than expected in previous recessions. Be open to other policies
  • She does not see negative interest rates being part of the Fed's arsenal
  • We have not reached 2% of inflation on a sustainable basis.
  • The Fed is committed to achieving the 2% goal of sustained and symmetrical inflation
  • The Fed must avoid slipping into inflation expectations
  • it is worried about policies that reduce the fundamental resilience of the banking system
  • at-risk businesses have incurred a lot of debt in this recovery

Brainard is a voting member of the Fed's board of directors. His comments join those of Powell, the Fed, in that the Fed is ready to act to support growth. When is the tipping point? She leans ….

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