Fed's Brainard schedules speech for Monday

Author: Adam Button | Category: News

Fed dove will have her say

One of the most influential Fed doves has announced that she will speak on Monday, Sept 12 on the US economy in Chicago at noon local time (1 pm ET).

The location is the Chicago Council on Global Affairs and they say she will discuss "the economic outlook for the United States and monetary policy implications" and will be in conversation with Michael Moskow, who was CEO of the Chicago Fed.

Maybe it's been in the works for awhile, maybe she's been dispatched to reel in hike expectations for September 21. Either way, that's going to be a critical speech.

At the moment, the Fed funds futures market is pricing in a 26% chance of a hike this month.