Comments from Lael Brainard, a Federal Reserve Governor

  • Says there's a puzzle in labor market in terms of what wages say about slack
  • Other puzzles include suppressed employment to population ratio
  • There is still some room to go in terms of labor market slack
  • It would be prudent to maintain fed's balance sheet at current level, continue reinvestments
  • Says there is room to respond, both with rates and balance sheet, if inflation rises faster than expect

Headlines via Reuters

Earlier from Brainard: Fed's Brainard: Delayed liftoff, shallower rate hike path needed

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I don't know about you all ... but these comments, and earlier, from Brainard are not indicative that she wants to vote for a December 'lift off' rate hike according to my reading of them

USD is not doing a real lot though