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

Fed's Brainard says downside risks and soft inflation argue for easing monetary policy Author: Eamonn Sheridan | Category: Central Banks

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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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