Federal Reserve Board of Governors member Lael Brainard spoke earlier on the economy, monetary policy, and her outlook for both
- Her speech headlines are here
- Her Q&A comments are here
Bloomberg and Reuters both have quick recaps up:
Reuters say it was "One of the strongest defenses yet of a go-slow approach to policy"
- The Federal Reserve should hold off on any interest rate hike until it is clear that a global slowdown, trouble in China and other international risks will not push the U.S. recovery off course
- Whole regions of the world are being impacted by China's slowdown
And, via Bloomberg:
- Said the central bank shouldn't raise interest rates prematurely due to risks from abroad that are clouding the prospects for U.S. inflation and growth
More at the links, of course
